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CALCULATUR FULL SCREEN PRINTER VERSIC Transactions made by Marigold Corp., a law firm, for the month of March are shown below. 1. 2. The company
CALCULATUR FULL SCREEN PRINTER VERSIC Transactions made by Marigold Corp., a law firm, for the month of March are shown below. 1. 2. The company performed $21,000 of services for customers, on credit. The company received $21,000 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,600 of advertising, but will not pay it until a later date. The company paid a dividend of $7,000 in cash to stockholders. 3. 4. Prepare a tabular analysis which shows the effects of these transactions on the accounting equation. (If an amount reduces the account balance a negative sign preceding the number e.g.-15,000 or parenthesis (15,000).) Assets Liabilities + Stockholders' Equity Retained Earnings Revenues Expenses Cash + Accounts Receivable = Accounts Payable + Common Stock + Dividends (1) $ $ $ $ $ $ $ (2) $ $ $ $ $ $ $ (3) $ $ $ $ A $ $ (4) $ $ $ $ $ $ $
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