es aw 11 QS 1-10 (Algo) Identifying effects of transactions using accounting equation-Revenues and Expens- LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $5,900 cash. b. The company completed commission work for a client and sent a bill for $4,400 to be received within 30 days. c. The company paid an assistant $1,600 cash as wages for the period. d. The company collected $2,200 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $780 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number a. b. Balance after a and b C. Balance after c d. Balance after d e. Balance after e Cash $ Assets 0 0 + 0 + + 0+ + + Accounts Receivable $ 0 0 0 0 = Liabilities + Accounts Payable = = = = = = = = $ 0 0 0 0 + + + + + + + + + < Prev M Owner, Capital $ 0 0 0 0 - - 2 of 10 Owner, Withdrawals $ Equity 0 + 0 0 0 + Next > + + + + + + $ Revenue 0 0 0 0 1 $ Expens

es aw 11 QS 1-10 (Algo) Identifying effects of transactions using accounting equation-Revenues and Expens- LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $5,900 cash. b. The company completed commission work for a client and sent a bill for $4,400 to be received within 30 days. c. The company paid an assistant $1,600 cash as wages for the period. d. The company collected $2,200 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $780 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number a. b. Balance after a and b C. Balance after c d. Balance after d e. Balance after e Cash $ Assets 0 0 + 0 + + 0+ + + Accounts Receivable $ 0 0 0 0 = Liabilities + Accounts Payable = = = = = = = = $ 0 0 0 0 + + + + + + + + + < Prev M Owner, Capital $ 0 0 0 0 - - 2 of 10 Owner, Withdrawals $ Equity 0 + 0 0 0 + Next > + + + + + + $ Revenue 0 0 0 0 1 $ Expens

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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S Narrative X - Cengagel X Cengagel X C Solved: A x + m/ilrn/takeAssignment/takeAssignmeManonvoker-akeAsignmentses ment slontocator%3D&inprogress-false Lab E Rederly Solve Statistical me.. Cengage Sign in M McGraw Hitogn ent eBook Show M OWL Print Item Adjustment for accrued expense structions Chas of Accounts Journal Insiructions Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day workweek (Monday through Saturday). Journalize the necessary adjusting entry assuming that the accounting period ends on Thursday. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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duditing and Fxplain abalk the statement Değined in detail "duditing stasts End" What statement where dccounting meant by this in which situations is and this stadements? we use
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Readin XM Questic x er 1 Assignment i Book Hint Print ferences Mc Graw Hill to.mheducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fitiwrapper%252F a. b. 0804 Transactions Number Balance after a and b ChatGP X Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. C. Balance after c d. Balance after d QS 1-10 (Algo) Identifying effects of transactions using accounting equation-Revenues and Expenses LO P1 The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $5,900 cash. b. The company completed commission work for a client and sent a bill for $4,400 to be received within 30 days. c. The company paid an assistant $1,600 cash as wages for the period. d. The company collected $2,200 cash as a partial payment for the amount owed…