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plz help Transactions made by Blossom Company for the month of March are shown below. 1. The company performed $19,625 of services for customers on
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Transactions made by Blossom Company for the month of March are shown below. 1. The company performed $19,625 of services for customers on account. 2. The company received $19,625 in cash from customers who had been billed for services (in transaction 1). 3. The company received a bill for $1,940 of advertising but will not pay it until a later date. 4. Blossom Company paid a cash dividend of $3,190. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 0 -3 for example.) 1. The company performed $19,625 of services for customers on account. 2. The company recelved $19.625 in cash from customers who had been billed for services (in transaction 1). 3. The company received a bill for $1,940 of advertising but will not pay it until a later date. 4. Blossom Company paid a cash dividend of $3,190. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 03 for example.) Step by Step Solution
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