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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
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.) Assets Liabilities Equity Accounts Accounts Common Cash Expenses Dividends Revenue Receivable Payable Stock a b Bal. 0 0 C. Bal 0 0 0 0 d. Bal 0 0 0 Bal 0 + ++
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