Analyzing and Reporting 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 below. a. Carter (owner) invested in the company $180,000 cash and $36,000 in property and equipment. The company issued common stock to Carter. b. The company paid $5,760 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $7,200 cash for these services. d. The company performed services for clients and sent a bill for $43,200 with payment due within 60 days. e. The company compensated an office employee with $8,640 cash as salary for March. f. The company received $18,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $1,683 cash in dividends to Carter (owner). Use negative signs with answers, if appropriate. Balance Sheet Income Statement Noncash Assets Contrib. Capital Earned Capital Cash Asset + Liabilities + Revenues - Expenses = Net income Transaction a. Issued stock for cash and PPE. b. Paid rent. c. Performed services for cash d. Performed services on account. e Paid wages f. Received payments on accounts receivable g. Paid dividends