Question
The following transactions were completed by the company.aThe company completed consulting work for a client and immediately collected $6,700 cash earned.bThe company completed commission work
The following transactions were completed by the company.aThe company completed consulting work for a client and immediately collected $6,700 cash earned.bThe company completed commission work for a client and sent a bill for $5,200 to be received within 30 days.cThe company paid an assistant $2,000 cash as wages for the period.dThe company collected $2,600 cash as a partial payment for the amount owed by the client in transaction b.eThe company paid $940 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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