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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,400 cash earned. b. The
The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,400 cash earned. b. The company completed commission work for a client and sent a bill for $4,900 to be received within 30 days. c. The company paid an assistant $1,850 cash as wages for the period. d. The company collected $2,450 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $880 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 Liabilities Accounts Payable Equity Owner, Withdrawals Cash Owner, Capital Revenue Expenses + a. = + 1 b. + + + + Bal. + II + C. + + + Bal. + + + d. +++ + Bal. + II + + + e. + Bal. + + +
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