Return to question QS 1-10 (Algo) Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $5,600 cash. b. The company completed commission work for a client and sent a bill for $4,100 to be received within 30 days. c. The company paid an assistant $1.450 cash as wages for the period. d. The company collected $2,050 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $720 cash for this period's cleaning services Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Cash Accounts Receivable Liabilities Accounts Payable Equity a. $ 5,600 + Common Stock + Dividends . Revenue Expenses + b. Bal + s + 4,100- 4,100 + + $ 5.600- 4,100 - C 0 + 0 0 + 9,700 + + 4,100 0 + Bal. d. Bal. 5,600 (1,450) + 4,150 2,050 6,200 (720) 5,480 0 1.450 1.450 0 0 + 9.700 2050 + - 4,100 0 + 0 e. 0 + 11.750 + + Bal. 4,100 0 1.450 720 2,170 + 0 0 + 11.750