The following transactions were completed by the company: The company completed consulting work for a...
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The following transactions were completed by the company: The company completed consulting work for a client and immediately collected $6,300 cash. The company completed commission work for a client and sent a bill for $4,800 to be received within 30 days. The company paid an assistant $1,800 cash as wages for the period. The company collected $2,400 cash as a partial payment for the amount owed by the client in transaction b. The company paid $860 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.)
a. The company completed consulting work for a client and immediately collected $6,300 cash. b. The company completed commission work for a client and sent a bill for $4,800 to be received within 30 days. c. The company paid an assistant $1,800 cash as wages for the period. d. The company collected $2,400 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $860 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 n minus sign.)
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