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

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

Cash

+

Accounts

Receivable

=

Accounts

Payable

+

Owner's

Capital

-

Owner's

Drawings

+

Revenues

-

Expenses

(1)

$

enter a dollar amount