Question

Question 1 of 5 -/1 E LUTEN ALLEMPUT Sess Transactions made by Carla Vista Co. for the month of March are shown below. 1 2 3. 4. The company performed $22.900 of services for customers on account. The company received $22,900 in cash from customers who had been billed for services (in transaction (1)] The company received a bill for $3,240 of advertising but will not pay it until a later date. Carla Vista Co. paid a cash dividend of $4,730. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Liabilities Accounts Payable Assets + Accounts Receivable + Common Stock Cash 22.900 (1) $ 22.900 (2) 31240 (3) 4.730 (4) O П ere to search

Answer 1

Sno	cash	+ Accounts receivable	= Accounts payable	+ common stock	+ Revnues	- Expense	- dividends
1		22,900			22,900
2	22,900	(22,900)
3			3,240			(3,240)
4	(4,730)						(4,730)