Question: AA a ezto.mheducation.com C 7:35 -5 Ch02 Homework i Saved Help Save & Exit Submit 5 Check my work Required information e Book [The following

AA a ezto.mheducation.com C 7:35 -5 Ch02 Homework i Saved Help Save & Exit Submit 5 Check my work Required information e Book [The following information applies to the questions displayed below.] Following are the transactions of Green Energy Company. May 1 customer. The company provided $3,200 of sustainability consulting services on credit to a May 3 The company purchased $900 of energy-efficient supplies on credit. May 9 The company collected $1, 700 cash as partial payment of the May 1 consulting revenue. May 20 The company paid $900 cash toward the payable for energy efficient supplies. May 31 The company paid $700 cash for May's renewable energy utilities. Analyze each transaction of the Green Energy Company by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense. Date Assets Liabilities May 1 Accounts receivable (+) increase 3,200 = Consulting revenue (+) increase May 3 May 9 May 9 May 20 May 31 88 a DO B + A E R Y W T K A S D F G H
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
