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Transactions made by Carla Vista Co. for the month of March are shown below. 1. The company performed $22,900 of services for customers on
Transactions made by Carla Vista Co. for the month of March are shown below. 1. The company performed $22,900 of services for customers on account. 2. The company received $22,900 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $3,240 of advertising but will not pay it until a later date. 4. Carla Vista Co. paid a cash dividend of $4,730. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Cash + Accounts Receivable = +A (1) (2) (3) (4) A Liabilities Accounts Payable + + +A +A + + Common Stock A +A Stockholders' Equity Retained Earnings Expenses Revenues $ A +A D On Stock +A Stockholders' Equity Retained Earnings Expenses Revenues eTextbook and Media Dividends
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