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Transactions made by Orlando Carbrera & Co. , a law firm for the month of March are shown below. Prepare a tabular analysis which shows
Transactions made by Orlando Carbrera & Co. , a law firm for the month of March are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation. 1. The company provided $20,000 of servicwes for customers, on credit. 2. The company received $20,000 in cash from customers who had been billed for services (in transaction one) 3. The company received a bill for $2,000 of advertising, but will not pay it until a later date 4. Orlando Carbrera withdrew #$5,000 cash fromt he business for personal use
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