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The following transactions were completed by the company.

a. The company completed consulting work for a client and immediately collected $5,500 cash earned.
b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.
c. The company paid an assistant $1,400 cash as wages for the period.
d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.
e. The company paid $700 cash for this period's cleaning services.

Required:
Write the impact of each transaction on individual items of the accounting equation.

Sagot :

  • The impact of the following transactions should be shown on the accounting equation below:

  1. The accounting equation comprises equity, liabilities, and assets.
  2. In this, the sum of the stockholder equity and the liabilities should be equivalent to the total assets.
  3. It analyzed the financial position, performance of the company.

Therefore we can conclude that the attachment i.e. attached represent the impact of the given transactions on the accounting equation.

Learn more about the accounting equation here: brainly.com/question/14689492

View image andromache
View image andromache
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Answer:

OFOFORORIEIEJEJEJEE OFORORIEIEJEJEJEE DE CE EȘTI TU EȘTI ÎN CĂUTAREA DE FURNIZORI ȘI PARTENERI DE LA DE UN MILION BUNĂ ZIUA ÎN AMIAZA BUNĂ ZIUA ÎN AMIAZA

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