Business, 05.05.2020 06:14 jis0

The following transactions were completed by the company.

a. The company completed consulting work for a client and immediately collected $6,000 cash earned.
b. The company completed commission work for a client and sent a bill for $4,500 to be received within 30 days.
c. The company paid an assistant $1,650 cash as wages for the period.
d. The company collected $2,250 cash as a partial payment for the amount owed by the client in transaction b.
e. The company paid $800 cash for this period's cleaning services.

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

Answers: 3

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The following transactions were completed by the company.

a. The company completed cons...