Transaction on individual items of the accounting equation

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Reference no: EM13863468

The following transactions were completed by the company.

a. The company completed consulting work for a client and immediately collected $6,500 cash earned.

b. The company completed commission work for a client and sent a bill for $5,000 to be received within 30 days.

c. The company paid assistant $1,900 cash as wages for the period.

d. The company collected $2,500 cash as a partial payment for the amount owed by the client in transaction b.

e. The company paid $900 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.)

Reference no: EM13863468

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