Required information Use the following information for the Quick Studies below. (Algo) [The following information applie

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Required Information Use The Following Information For The Quick Studies Below Algo The Following Information Applie 1 (62.64 KiB) Viewed 95 times

Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.) Following are the transactions of Green Energy Company. May 1 The company provided $2,700 of sustainability consulting services on credit to a customer. May 3 The company purchased $650 of energy-efficient supplies on credit. May 9 The company collected $1,200 cash as partial payment of the May 1 consulting revenue. May 20 The company paid $650 cash toward the payable for energy-efficient supplies. May 31 The company paid $450 cash for May's renewable energy utilities. QS 2-10 (Algo) Analyzing transactions using accounting equation LO A1 Analyze each transaction of the Green Energy Company by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies, Accounts Payable; Consulting Revenue; and Utilities Expense. Date Assets Liabilities Equity + - May 1 May 3 May 9 May 9 May 20 May 31