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Transactions made by Sunland Co. for the month of March are shown below. 1. 2. 3. 4. The company performed $22,030 of services for customers
Transactions made by Sunland Co. for the month of March are shown below. 1. 2. 3. 4. The company performed $22,030 of services for customers on account. The company received $22,030 in cash from customers who had been billed for services [in transaction (1)]. The company received a bill for $3,770 of advertising but will not pay it until a later date. Sunland Co. paid a cash dividend of $3,880.
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