The following transactions were completed by the company. a. The company completed consulting work for a...

 

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The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,400 cash earned, b. The company completed commission work for a client and sent a bill for $5,900 to be recelved within 30 days. d. The company collected $2,950 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1,080 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 Payable Common Stock Accounts Cash Dividende Revenun Expensns Recaivable a. 7.400+ b. Bal 7,400 Bal. 7.400 0. %3D d. Bal. 7.400 + %3D Bl 7.400 + 01 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7,400 cash earned, b. The company completed commission work for a client and sent a bill for $5,900 to be recelved within 30 days. d. The company collected $2,950 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1,080 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 Payable Common Stock Accounts Cash Dividende Revenun Expensns Recaivable a. 7.400+ b. Bal 7,400 Bal. 7.400 0. %3D d. Bal. 7.400 + %3D Bl 7.400 + 01