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Transactions made by A. George and Co., a law firm, for the month of March are shown as follows. 1. The company performed $48,000 of

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Transactions made by A. George and Co., a law firm, for the month of March are shown as follows. 1. The company performed $48,000 of services for customers, on credit. 2. The company received $48,000 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. George withdrew $6,200 cash from the business for personal use. results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liobility or Equity item that was reduced. See Illustration 1-8 for example.) $ 5 $ $ 5 $ 6200 $ $

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