Transactions made by Kingbird Co$.$ for the month of March are shown below.

The company performed $$20,400$ of services for customers on account.

The company received $$20,400$ in cash from customers who had been billed for services $[$in transaction $(1)].$

The company received a bill for $$1,836$ of advertising but will not pay it until a later date.

Kingbird Co$.$ paid a cash dividend of $$3,060.$ the particular Asset, Liability or Equity item that was reduced.$)$