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3
a. The company completed consulting work for a client and immediately collected $6.500 cash
b. The company completed commission work for a client and sent a bill for $5.000 to be received within 30 days
c. The company paid an assistant $1.900 cash as wages for the period
d. The company collected $2.500 cash as a partial payment for the amount owed by the client in transaction
e. The company paid $900 cash for this period's cleaning services
oped
Required:
Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a
minus sign.)
-
Transactions Number
Equity
Liabilities
Accounts
Payable
Common
Stock
Dividends
Revenue
Expenses
a
Assets
Accounts
Cash
Receivable
S 6 500 $
$ 5.000
5.600
5.000
Balance after aandb
-
Balance after
6.500
5.000
-
Balance after o
6.500
5 000
Balancoforo
6500
5.000

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit

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