3.75 points eBook Hint Ask Print References a. The company completed consulting work for a client...
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3.75 points eBook Hint Ask Print References a. The company completed consulting work for a client and immediately collected $5,700 cash. b. The company completed commission work for a client and sent a bill for $4,200 to be received within 30 days. c. The company paid an assistant $1,500 cash as wages for the period. d. The company collected $2,100 cash as a partial payment for the amount owed by the client in transaction b e. The company paid $740 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.) b. Balance after a and b C Transactions Number Balance after c d. Balance after d 0. Balance after e $ Cash Assets 01 + 0 0 . + . 0 . Accounts Receivable $ D . 0 0 0 2 M A F R Liabilities Accounts Payable S 0. 0 + 0 . + 0+ Owner, Capital $ 0 0 0 0- Owner, Withdrawals $ Equity 0 0 0 . 0 + Revenue $ 0 0 - 0- - 0- Expenses $ 0 0 0 0 3.75 points eBook Hint Ask Print References a. The company completed consulting work for a client and immediately collected $5,700 cash. b. The company completed commission work for a client and sent a bill for $4,200 to be received within 30 days. c. The company paid an assistant $1,500 cash as wages for the period. d. The company collected $2,100 cash as a partial payment for the amount owed by the client in transaction b e. The company paid $740 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.) b. Balance after a and b C Transactions Number Balance after c d. Balance after d 0. Balance after e $ Cash Assets 01 + 0 0 . + . 0 . Accounts Receivable $ D . 0 0 0 2 M A F R Liabilities Accounts Payable S 0. 0 + 0 . + 0+ Owner, Capital $ 0 0 0 0- Owner, Withdrawals $ Equity 0 0 0 . 0 + Revenue $ 0 0 - 0- - 0- Expenses $ 0 0 0 0
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a b Balance after a f C Transaction Number Balance after c d Balance e after d Bal... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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