Question 2 of 5 -13 View Policies Current Attempt in Progress Transactions made by Ingler and Co, a consulting firm, for the month of March are shown below. 1. The company performed $ 35,000 of services for customers, on credit. 2. 3. The company received $ 15,000 in cash from customers who had been billed for services in Transaction (1)). The company received a bill for $5,400 of advertising but will not pay it until a later date, Ms. Ingler withdrew $ 2,200 cash from the business for personal use. 4. Prepare a tabular summary, which shows the effects of these transactions on the expanded accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amo entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash + Accounts Receivable Accounts Payable (1) 15000 (2) 15000 -35000 5400 (3) (4) -2200 Prepare a tabular summary, which shows the effects of these transactions on the expanded accounting equation. If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Owner's Equity Owner's Capital Owner's Drawings + Revenues Expenses 15000 -5404 e Textbook and Media