Question
Use the following information for the Quick Studies below. (Static) Skip to question [The following information applies to the questions displayed below.] Following are the
Use the following information for the Quick Studies below. (Static)Skip to question
[The following information applies to the questions displayed below.]
Following are the transactions of Green Energy Company.
May 1 | The company provided $2,000 of sustainability consulting services on credit to a customer. |
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May 3 | The company purchased $300 of energy-efficient supplies on credit. |
May 9 | The company collected $500 cash as partial payment of the May 1 consulting revenue. |
May 20 | The company paid $300 cash toward the payable for energy-efficient supplies. |
May 31 | The company paid $100 cash for May's renewable energy utilities. |
QS 2-10 (Static) Analyzing transactions using accounting equation LO A1
Analyze each transaction of the Green Energy Company by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense.
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