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QS 1-10 (Static) Identifying effects of transactions using accounting equation-Revenues and Expenses LOP1 The following transactions were compieted by the company: a. The company completed

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QS 1-10 (Static) Identifying effects of transactions using accounting equation-Revenues and Expenses LOP1 The following transactions were compieted by the company: a. The company completed consulting work for a client and immediately colected $5.500 cash. b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days. c. The company paid an assistant $1,400 cash as wages for the period. d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $700 cash for this periods cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreapes to account balances with a minus sign

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