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Current Attempt in Progress Transactions made by Biossom Company for the month of March are shown below. 1. The company performed $23,550 of services for
Current Attempt in Progress Transactions made by Biossom Company for the month of March are shown below. 1. The company performed $23,550 of services for customers on account. 2. The compary received $23,550 in cash from customers who had been billed for services fin transaction (1)). 3. The company received a bill for $3,420 of advertising but will not pay it until a later date. 4. Blossom Company paid a cash dividend of $2.520. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (if a transoction couses a decrease in Ausets, Ulabilities or Stodcholders' Equity, ploce o negative sign (or parentheses) in front of the amount entered for the particular Asset, Uability or Equity item that was reduced. See Illustrotion 34 for ecample) Transactions made by Blossom Company for the month of March are shown below. 1. The company performed $23,550 of services for customers on account. 2. The company received $23,550 in cash from customers who had been billed for services lin transaction (1)]. 3. The company received a bill for $3,420 of advertising but will not pay it until a later date 4. Blossom Company paid a cash dividend of $2.520 Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation, (Uf a transoction couses a decrease in Assets, Uabilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Lability or Equily item that was reduced, See Illustrotion 3-4 for example)
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