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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,000 cash earned. b. The

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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,000 cash earned. b. The company completed commission work for a client and sent a bill for $5,500 to be received within 30 days. c. The company paid an assistant $2,150 cash as wages for the period. d. The company collected $2,750 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1,000 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 Accounts Receivable Cash Liabilities Accounts Payable Owner, Capital Equity Owner, Withdrawals Revenue Expenses a. + b. 4 Bal. 0 + 0 0 + 0 + * 0 Bal 0 + 0 0 + 0 0 + d. 0 0 + Bal 0 0 0 + 0 0 + 0 0 + + Bal 0 - 0 0 + 0 0 + To 0

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