The following transactions were completed by the company.A. The company completed consulting work for a client and immediately collected $6,200 cash earned.B. The company completed commission work for a client and sent a bill for $4,700 to be received within 30 days.C. The company paid an assistant $1,750 cash as wages for the period.D. The company collected $2,350 cash as a partial payment for the amount owed by the client in transaction b.E. The company paid $840 cash for this period's cleaning services.Required:Record the impact of each transaction on individual items of the accounting equation.Assets = Liabilities + Stockholders' EquityCash + Accounts = Accounts + Common - Dividends + Revenues - Expenses Receivable payable Stocka. 6,200 6,200b. 4,700 4,700Bal. 6,200 4,700 10,900 c. 1,750Bal. 6,200 4,700 10,900 1,750d.Bal. 6,200 4,700 10,900 1,750e. Bal. 6,200 4,700 10,900 1,750
