Using the following information for the Quick Studies below. The following are the transactions of Green Energy Company. May 1 - The company provided $2,000 of sustainability consulting services on credit to a customer. May 3 - The company purchased $300 of energy-efficient supplies on credit. May 9 - The company collected $500 cash as partial payment of the May 1 consulting revenue. May 20 - The company paid \$300 cash toward the payable for energy-efficient supplies. May 31 - The company paid \$100 cash for Mays 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
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