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a. The company completed consulting work for a client and immediately collected $6.500 cash
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
e. The company paid $900 cash for this period's cleaning services
oped
Required:
Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a
minus sign.)
-
Transactions Number
Equity
Liabilities
Accounts
Payable
Common
Stock
Dividends
Revenue
Expenses
a
Assets
Accounts
Cash
Receivable
S 6 500 $
$ 5.000
5.600
5.000
Balance after aandb
-
Balance after
6.500
5.000
-
Balance after o
6.500
5 000
Balancoforo
6500
5.000