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aS 1-10 Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following...

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Accounting

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aS 1-10 Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $7100 cash earned. b. The company completed commisslon work for a client and sent a bill for $5,600 to be recelved within 30 days. e The compeny pald an assistant $2,200 cash as wages for the perlod. d. The company collected $2,800 cash as a partial payment for the amount owed by the clent in transaction b. e. The company pald $1020 cash for this perlod's cleaning services. Requlred: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Asseta Liabilitles Equity Accounts Accounts Owner Capital Owner, Withdrawals Cash Revenue -Expenses Recelvable Payable Bal Ic. [+] Bal d. Bal le. Bal. +] 6 of 11 ( Prev Next MacBook Air F2 F3 F7 3 5 6 8 +++ ++++++

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