Question 4 of 40\

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\ Transactions made by Sheridan Co. for the month of March are shown below.\ The company performed

$19,310

of services for customers on account.\ The company received

$19,310

in cash from customers who had been billed for services [in transaction (1)].\ The company received a bill for

$2,210

of advertising but will not pay it until a later date.\ Sheridan Co. paid a cash dividend of

$2,980

.\ 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.)

Transactions made by Sheridan Co. for the month of March are shown below. 1. The company performed $19,310 of services for customers on account. 2. The company received $19,310 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $2,210 of advertising but will not pay it until a later date. 4. Sheridan Co. paid a cash dividend of $2,980. 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.)