TB MC Qu$.05-162($Algo$)$ Salmone Company reported the following...

Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine $1$

Multiple Choice

$$2,812$

$$2,942$

$$3,188$

$$3,250$

$$6,000$

TB Problem Qu$.1-269($Algo$)$ Identifying effects of transactions using accounting equation $-$ Revenues and Expenses

A company had the following transactions.

a$.$ The company completed a job for a customer and sent a bill for $$5,400$ to be received within $45$ days.

b$.$ The company completed advisory work for a customer and immediately received $$6,900$ cash.

c$.$ The company paid a contractor $$2,100$ cash for work performed this period.

d$.$ The company paid $$980$ cash for this period's utilities.

e$.$ The company collected $$2,700$ cash as a partial payment for the amount owed by the customer in transaction a$.$

Enter the impact of each transaction on individual items of the accounting equation.

Note: Enter decreases to account balances with a minus sign.

$\backslash$table$[[$Transaction$,$Assets,$=,$Liabilities,$+,$Equity$],[$Cash$,+,$Accounts Receivable,$=,$Accounts Payable,$+,$Revenues,$-,$Expenses$],[$a$.,,+,,=,,+,,-,],[$b$.,,+,,=,,+,,-,],[$Balance$,0,+,0,=,0,+,0,-,0],[$c$.,,+,,=,,+,,-,],[$Balance$,0,+,0,=,0,+,0,-,0],[$d$.,,+,,=,,+,,-,],[$Balance$,0,+,0,=,0,+,0,-,0],[$e$.,,+,,=,,+,,-,],[$Balance$,0,+,0,=,0,+,,-,0]]$