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Transactions made by Orlando Carbrera and Co., a law firm, for the month of March are shown below. 1. The company provided $19,297 of services
Transactions made by Orlando Carbrera and Co., a law firm, for the month of March are shown below. 1. The company provided $19,297 of services for customers, on credit. 2. The company received $19,297 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $1,797 of advertising, but will not pay it until a later date. 4. Orlando Carbrera withdrew $5,975 cash from the business for personal use. Complete the tabular analysis which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 1-8. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45). If answer is zero, please enter 0. Do not leave any fields blank.) Assets Liabilities Owner's Equity Cash + Accounts Receivable = Accounts Payable + O. Carbrera Capital - O. Carbrera Drawings + Revenues - Expenses 1. 2. 3. 4
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