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Analyze and Report Financial Statement Effects of Transactions Note: Use negative signs with answers when appropriate. Note: If an answer field is not needed, leave

Analyze and Report Financial Statement Effects of Transactions Note: Use negative signs with answers when appropriate.
Note: If an answer field is not needed, leave it blank (not all answer fields will be used).
\table[[Transaction,BALANCE SHEET,INCOME STATEMENT],[\table[[Cash],[Asset]],\table[[Noncash],[Assets]],Liabilities,\table[[Contributed],[Capital]],\table[[Earned],[Capital]],Revenues,Expenses,\table[[Net],[Income]]],[a. Issued stock for cash and PPE.,$,0,$,0,$,0,$,0,$,0,$,0,$,0,$,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[b. Paid for rent.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[c. Performed services for cash.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[d. Performed services for on account.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[e. Paid cash for wages.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[f. Received cash on receivable.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,N/A,,,],[g. Paid dividends.,,0,,0,,0,,0,,0,,0,,0,,0],[,N/A,,N/A,,N/A,-,N/A,,N/A,,N/A,,N/A,=,,]]
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.
b. The company paid $3,520 cash for rent of office furnishings and facilities for March.
c. The company performed services for clients and immediately received $4,400 cash for these services.
d. The company performed services for clients and sent a bill for $26,400 with payment due within 60 days.
e. The company compensated an office employee with $5,280 cash as salary for March.
f. The company received $11,000 cash as partial payment on the amount owed from clients in transaction d.
g. The company paid $1,029 cash in dividends to Carter (owner).
Note: Use negative signs with answers when appropriate.
Note: If an answer field is not needed, leave it blank (not all answer fields will be used).
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