Business, 06.09.2021 22:20 mahoganyking16
The following transactions were completed by the company.
a. The company completed consulting work for a client and immediately collected $5,500 cash earned.
b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.
c. The company paid an assistant $1,400 cash as wages for the period.
d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.
e. The company paid $700 cash for this period's cleaning services.
Required:
Write the impact of each transaction on individual items of the accounting equation.
Answers: 1
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The following transactions were completed by the company.
a. The company completed consulting work...
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