Transactions made by Sheridan Company for the month of March are shown below. 1. The company performed $20,000 of services for customers on account. 2. The company received $20,000 in cash from customers who had been billed for services [in transaction 3. The company received a bill for $2,770 of advertising but will not pay it until a later date. 4. Sheridan Company paid a cash dividend of $3,790.