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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,100 cash earned. b.
The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,100 cash earned. b. The company completed commission work for a client and sent a bill for $5,600 to be received within 30 days. c. The company paid an assistant $2,200 cash as wages for the period. d. The company collected $2,800 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1,020 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.) Cash Assets Liabilities Equity Accounts Receivable Accounts Payable Common Stock Dividends + Revenue Expenses a. + b. + + + Bal. 0 + 0 = 0 + 0 0 + C. + + Bal. d Bal. e. 0 + 0 0+ 0 + + 0 + 0 0 + 0 - + 0+ + 0 + + + Bal 0 0 0 + 0 0 + 0 0 0 0 - 0 + 0 0
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