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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,500 cash earned. b. The
The following transactions were completed by the company. |
a. | The company completed consulting work for a client and immediately collected $6,500 cash earned. |
b. | The company completed commission work for a client and sent a bill for $5,000 to be received within 30 days. |
c. | The company paid an assistant $1,900 cash as wages for the period. |
d. | The company collected $2,500 cash as a partial payment for the amount owed by the client in transaction b. |
e. | The company paid $900 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.) |
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