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The following transactions were completed by the company: 1. The con completed consulting work for a client and immediately collected $5,500 cash. 2. The company
The following transactions were completed by the company: 1. The con completed consulting work for a client and immediately collected $5,500 cash. 2. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days. The company paid an assistant $1,400 cash as wages for the period. 1. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b. 3. The company paid $700 cash for this period's cleaning services. required: inter the impact of each transaction on individual items of the accounting equation. Jote: Enter decreases to account balances with a minus sign
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