Transactions made by A. Charles and Co., a law firm, for the month of March are shown as follows.

1.		The company performed $24,000 of services for customers, on credit.
2.		The company received $24,000 in cash from customers who had been billed for services (in transaction 1).
3.		The company received a bill for $2,600 of advertising but will not pay it until a later date.
4.		A. Charles withdrew $3,600 cash from the business for personal use.