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Transactions made by Crane Company for the month of March are shown below 1. The company performed $19,480 of services for customers on account. 2.
Transactions made by Crane Company for the month of March are shown below 1. The company performed $19,480 of services for customers on account. 2. The company received $19,480 in cash fron customers who had been billed for services [in transaction(1 The company received a bill for $3,570 of advertising but will not pay it until a later date. 4 Crane Company paid a cash dividend of $3,440 Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (Ir 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. See Illustration 3-3 for example. Assets Liabilities Stockholders' Equity Cash +Accounts Receivable Accounts Payable +Common Stock + Retained Earnings Revenues Expenses Dividends ) s Click if you would like to Show Work for this question: en Show Work
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