Do It Review 1-4 Transactions made by Callahan and Co. Ltd., a law firm, for the month of March are shown below. 1. The company performed R43,570 of services for customers, on credit 2. The company received R43,570 in cash from customers who had been billed for services (in transaction 1). 3. The company received a bill for R3,531 of advertising but will not pay it until a later date. 4. The company paid a dividend of R6,052 in cash to shareholders. Prepare a tabular analysis which shows the effects of these transactions on the accounting equation. (Ir an amount reduces the account balance then enter with a negative sign preceding the number e.g. - 15,000 or parenthesis (15,000).) Assets Liabilities Equity Retained Earnings Dividends Cash + Accounts Receivable Accounts Payable Share Capital Revenues Expenses (1) (2) (3) (4) R R R R