Transactions made by Morlan and Co., a law firm, for the month of March are as follows. 1. The company performed $23,000 of services for customers, on credit. 2. The company received $23,000 in cash from customers who had been billed for services (in transaction 1). 3. The company received a bill for $1,800 of advertising, but will not pay it until a later date. 4. The company paid a dividend of $5,000 in cash to stockholders