Do It! Review 1-4 Transactions made by Skysong, Inc., a law firm, for the month of March are shown below. 1. 2. The company performed $18,500 of services for customers, on credit. The company received $18,500 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,800 of advertising, but will not pay it until a later date. The company paid a dividend of $7,500 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 then enter with 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) $ $ (4) $ $ $