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Weygandt, Financial Accounting, 10e Help I System Announcements Do It! Review 1-4 Transactions made by Marigold Corp., a law firm, for the month of March

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Weygandt, Financial Accounting, 10e Help I System Announcements Do It! Review 1-4 Transactions made by Marigold Corp., a law firm, for the month of March are shown below. 1. The company performed $21,000 of services for customers, on credit. 2. The company received $21,000 in cash from customers who had been billed for services (in transaction 1). 3 The company received a bill for $3,600 of advertising, but will not pay it until a later date. 4. The company paid a dividend of $7,000 in cash to stockholders. Prepare a tabular analysis which shows the effects of these transactions on the accounting equation. (If an amount ridoces the account bala negative sign preceding the number e.g.-15,000 or paren (15,000).) Ex Dividends Cash +Accounts Receivable Accounts Payable + Common Stock +Revenues (1) $ (2) s (3) s (4) $ uniid

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