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The company performed $23,890 of services for customers on account. The company received $23,890 in cash from customers who had been billed for services [in

The company performed

$23,890

of services for customers on account.\ The company received

$23,890

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

$2,480

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

$5,140

.\ Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transact decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the

p

Asset, Liability or Equity item that was reduced.)\ \\\\table[[,Assets,\\\\table[[

=
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1. The company performed $23,890 of services for customers on account. 2. The company received $23,890 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $2,480 of advertising but will not pay it until a later date. 4. Cullumber Co. paid a cakn dividend of $5,140. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transac decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the Asset, Liability or Equity item that was reduced.)

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