Analyze each transaction in QS 2-9 by showing its effects on the accounting equation—specifically, identify the accounts and amounts (including + or −) for each transaction.

Data from QS 2-9

Prepare general journal entries for the following transactions of Green Energy Company. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense. 

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May 1 3 9 The company provided $2,000 of sustainability consulting services on credit to a customer. The company purchased $300 of energy-efficient supplies on credit. The company collected $500 cash as partial payment of the May 1 consulting revenue.