The following transactions were completed by the company.
a. The company completed consulting...
Business, 04.04.2020 09:37, lovelyb32p1waxd
The following transactions were completed by the company.
a. The company completed consulting work for a client and immediately collected $7,100 cash earned.
b. The company completed commission work for a client and sent a bill for $5,600 to be received within 30 days.
c. The company paid an assistant $2,200 cash as wages for the period.
d. The company collected $2,800 cash as partial payment for the amount owed by the client in transaction b.
e. The company paid $1,020 in cash for this period's cleaning services.
Enter the impact of each transaction on individual items of the accounting equation.
Answers: 2
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