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The following transactions were completed by the company a. The company completed consulting work for a client and immediately collected $6,300 cash. b. The company
The following transactions were completed by the company a. The company completed consulting work for a client and immediately collected $6,300 cash. 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.) Transactions Number + Equity Liabilities Accounts Payable + Common Stock Dividends Revenue Expenses $ ol + $ 0 $ 0 b. Balance after a and b 0 0 0 0 C Assets Cash Accounts Receivable $ 6.300 + $ 0 0 + $ 4,800 = 6,300 + 4.800 (1.800) + 0 4,500 + 4.800 2.400 + (2,400) = 6.900 2.400 (860) + - $ 6,040 + $ 2.400 + 0 +++ 0 - 0 0 + 0 0 Balance after d. Balance after d 0 0 0 0 + 0 role 0 0 0 e. Balance after e 0 0 + . 0+ 0 $ TO + 0 $ $ $ 0 $ 0
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