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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,200 cash earned. b. The
The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,200 cash earned. b. The company completed commission work for a client and sent a bill for $4,700 to be received within 30 days. c. The company paid an assistant $1,750 cash as wages for the period. d. The company collected $2,350 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $840 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.) k Assets Liabilities Equity t Accounts Receivable Accounts Common Stock Expenses Cash Dividends Revenue + Payable a. t b - Bal nces C Bal d + Bal + + Bal. +
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