Question: a. The company completed consulting work for a client and immediately collected $7,500 cash. b. The company completed commission work for a client and sent
a. The company completed consulting work for a client and immediately collected $7,500 cash. b. The company completed commission work for a client and sent a bill for $6.000 to be received within 30 days. c. The company paid an assistant $2,400 cash as wages for the period. d. The company collected $3,000 cosh as a partial payment for the amount owed by the client in transaction b. e. The company pald $1,100 cash for this periods 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.)
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