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The following transactions were completed by the company 2 a. The company completed consulting work for a client and immediately collected $6,300 cash earned b.
The following transactions were completed by the company 2 a. The company completed consulting work for a client and immediately collected $6,300 cash earned b. The company completed commission work for a client and sent a bill for $4,800 to be received within 30 days. c. The company paid an assistant $1,800 cash as wages for the period d. The company collected $2,400 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $860 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.) Assets Equity ccounts Account - Expenses - Dividends - Revenue is 6.300 + 4800 0 The following transactions were completed by the company a. The owner invested $15,800 cash in the company in exchange for its common stock b. The company purchased supplies for $700 cash c. The owner invested $10.400 of equipment in the company in exchange for more common stock d. The company purchased $240 of additional supplies on credit e. The company purchased land for $9.400 cash Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets - Liabilities Cash Supplies Equity - Equipment - Land Accounts Payable - Stock - Dividends - Revenue - Expenses
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