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Transactions made by A. Anthony and Co., a law firm, for the month of March are shown as follows. 1. The company performed $85,000

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Transactions made by A. Anthony and Co., a law firm, for the month of March are shown as follows. 1. The company performed $85,000 of services for customers, on credit. 2. The company received $85,000 in cash from customers who had been billed for services (in transaction 1). 3. The company received a bill for $2,400 of advertising but will not pay it until a later date. 4. A. Anthony withdrew $5,900 cash from the business for personal use.

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