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Transactions made by Carla Vista Co. for the month of March are shown below. 1. The company performed $22,060 of services for customers on account.
Transactions made by Carla Vista Co. for the month of March are shown below. 1. The company performed $22,060 of services for customers on account. 2. The company received $22,060 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $2,670 of advertising but will not pay it until a later date. 4. Carla Vista Co, paid a cash dividend of $5,920. 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. ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.] Transactions made by Carla Vista Co. for the month of March are shown below. 1. The company performed $22.060 of services for custorners on account. 2. The company received $22,060 in cash from customers who had been billed for services lin transaction (1)]. 3. The company received a bill for $2,670 of advertising but will not pay it until a iater date 4. Carla Vista Co. paid a cash dividend of $5.920. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. Of o transaction couses a docrease in Assets Liabilities or Stockholders' Equity ploce a negative sign (or parentheses) in front of the omount entered for the particular Asset, (lobility ar Equity item that was reduced. See lllustration 3-3 for example)
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