Question
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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