hue Accounts Payable Accounts Receivable Prepare a trial balance in good form. 86,000 I elected transactions for Thyme Advertising Company, Inc. are Issued common stock to investors in exchange for cash recet 3-1 2. Paid monthly rent. 3. Received cash from customers when service was performed. 4. Billed customers for services performed. 5. Paid dividend to stockholders 6. Incurred advertising expense on account. 7. Received cash from customers billed in (4). 8. Purchased additional equipment for cash. 9. Purchased equipment on account. Instructions Describe the effect of each transaction on assets, liabilities, and st example, the first answer is (1) Increase in assets and increase in stockholders' equity ockholders equits of E3-2 Brady Company entered into these transactions during May 2017, its first month operations. k of the 1 Stockholders invested $40,000 in the business in exchange for common stoo