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3. Sara Thomson is the president and operates the Thomson Company. The following selected transactions were completed by Thomson Company during August Identify the impact

3. Sara Thomson is the president and operates the Thomson Company. The following selected transactions were completed by Thomson Company during August Identify the impact of the following transactions and show in the table given below 234 1. 3. 4. Received cash from the stockholder as additional investment $15,000. Paid creditors on account $3,000. Billed customers for services on account, $7,665. Received cash from customers on accounts $5,645. 5. Paid cash dividends, $3,500. 6. Received electric bill $60, to be paid next month. Note: Each transaction has two entries. (4 marks) 2 BBA Entry Entry Acct Type Name of Amount Acct Increase or Decrease Acct Name of Amount Acct (1) (2) (3) (4) (1) (2) (3) Increase or Decrease (4) 123456

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