Question: hapter 1 Connect Homework Help Save & 7 The following transactions were completed by the company. 4 its a. The company completed consulting work for
hapter 1 Connect Homework Help Save & 7 The following transactions were completed by the company. 4 its 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 received within 30 days. c. The company paid an assistant $2,350 cash as wages for the period. 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. Book Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) Print + Equity erences Assets Accounts Cash Receivable 7.400 + Liabilities Accounts Payable Common Stock Dividends Revenue Expenses a $ + . . + + b. Bal $ 7,4001 - 5,900 - 13,300 - 7.400 + 0 . 0 + 0 0 c. . + Bal 0 0 + 0 0 7,400 + + 13,300 0 + + + d. Bal 0 0 + 0 0. 13,300 0 7.400 + (1.080) + 6,320 + e. + (1.080) (1.080) 0 0 0 0 + + Bal. + 13,300
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