Analyze and Report Financial Statement Effects of Transactions

M$.$ E$.$ Carter launched Carter Company, a professional services firm on March $1.$ The firm will prepare financial statements at each month$-$end. In March $($its first month$),$ Carter executed the following transactions. Enter the transactions, a through g$,$ into the financial statement effects template shown in the module.

a$.$ Carter $($owner$)$ invested in the company $$100,000$ cash and $$200,000$ in property and equipment. The company issued common stock to Carter.

b$.$ The company paid $$3,200$ cash for rent of office furnishings and facilities for March.

c$.$ The company performed services for clients and immediately received $$4,000$ cash for these services.

d$.$ The company performed services for clients and sent a bill for $$24,000$ with payment due within $60$ days.

e$.$ The company compensated an office employee with $$4,800$ cash as salary for March.

f$.$ The company received $$10,000$ cash as partial payment on the amount owed from clients in transaction d$.$

g$.$ The company paid $$935$ cash in dividends to Carter $($owner$).$