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 f transactions. Enter the transactions, a through g, into the financial statement effects template below. a. Carter (owner) invested in the company $300,000 cash and $60,000 in property and equipment. The company issued common stock to Carter. b. The company paid $9,600 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $12,000 cash for these services. d. The company performed services for clients and sent a bill for $72,000 with payment due within 60 days. e. The company compensated an office employee with $14,400 cash as salary for March. f. The company received $30,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $2,805 cash in dividends to Carter (owner). Use negative signs with answers, if appropriate. Balance Sheet Income Statement Noncash Assets Contrib. Capital Cash Asset + Liabilities + Earned Capital 0 Revenues Expenses Transaction a. Issued stock for cash and PPE. = Net income 0 0 0 0 0 0 0 0 0 0 O O O O O 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 0 + 0 0 0 0 0 0 0 O O O O O O 0 0 0 0 0 0 0 0 0 0