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Transactions made by M. Alberti and Co., a law firm, for the month of March are shown below. 1. The company performed $43,000 of services
Transactions made by M. Alberti and Co., a law firm, for the month of March are shown below.
1. | The company performed $43,000 of services for customers, on credit. | |
2. | The company received $43,000 in cash from customers who had been billed for services [in transaction (1)]. | |
3. | The company received a bill for $4,200 of advertising but will not pay it until a later date. | |
4. | M. Alberti withdrew $4,800 cash from the business for personal use. |
Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation
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