E3-18 Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Net Profit Margin Ratio as a Financial Analyst L03-4, 3-6 [The following information applies to the questions displayed below) Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2016 (its fourth year). Massa's T-account balances were as follows. Dollars are in thousands. Assets Cash Accounts Receivable 3,800 8,990 Long-Term Investments 6,500 Unearned Revenue 5,300 Liabilities Accounts Payable 2,000 Long-Term Notes Payable 1,700 Stockholders' Equity Common Stock ($.10 par value) Additional Paid-in Capital 3,910 690 Retained Earnings 5,600 Revenues Consulting Fee Revenue Interest Revenue Expenses Wages Expense Travel Expense Utilities Expense Rent Expense 2. Enter the following 2016 transactions in the T-accounts: (Enter your answer in thousands, not in dollar a. Provided $59,900 in services to clients who paid $48,900 in cash and owed the rest on account b. Received $5,700 cash from clients on account. C. Recelved $590 in cash as interest revenue on Investments d. Pald $34,000 in wages, $12,900 in travel, $7,500 in rent, and $1.200 on accounts payable, e. Received $2,000 in cash from clients in advance of services Massa will provide next year & Received a utility bill for $610 for 2016 services. 9. Declared and paid $410 in dividends to stockholders, Accounts Recelvable Beg. bal. ta 11,000 15,700 (6) Cash Beg. bal. 3,800 148,900 5,700 C) TRAR 590 55,600 (d) (e 2,000 End. bal. 4,980 End. bal. 11.5,300 41019 Long-Term Investments Beg. bal. Accounts Payable Beg. bal. 1,200 610 ) End. bal. 0 End. bal. 590 Unearned Revenue Beg, bal Long Term Notes Payable Beg, bal. 2,000 End, bal 2.000 End. bal. GE Common Stock Additional Paid-In Capital Beg. bal Bog. bal End, bal. 0 End, bal 0 I Retained Earnings Beg, bal. 1 Consulting Fee Revenue Beg. bal. 4101 59.900 End, bal 4101 End, bal 59,900 Interest Revenue Wages Expense Beg, bal Beg. bal