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Transactions made by Ivanhoe Co. for the month of March are shown below. 1. The company performed $23,190 of services for customers on account.
Transactions made by Ivanhoe Co. for the month of March are shown below. 1. The company performed $23,190 of services for customers on account. 2. The company received $23,190 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $2,010 of advertising but will not pay it until a later date. 4. Ivanhoe Co. paid a cash dividend of $5,220.
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