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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,100 cash. b. The
The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,100 cash. b. The company completed commission work for a client and sent a bill for $4,600 to be received within 30 days. c. The company paid an assistant $1,700 cash as wages for the period. d. The company collected $2,300 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $820 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.) + Revenue - Expenses Assets = Liabilities Equity Cash + Accounts Receivable = Accounts Payable + Common Stock - Dividends a. + = + + b. + = + + Bal. + = + + C. = Bal. + = + + d. + = + + Bal. + = + + e. = Bal. =
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