Transactions made by Mickelson Co. for the month of March are shown below. The company performed $20,000 of services for customers on account. The company received $20,000 in cash from customers who had been billed for services [in transaction (1) ]. The company received a bill for $1, 800 of advertising but will not pay it until a later date. Mickelson Co. paid a cash dividend of $3,000. Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation.
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Home » Business » Transactions made by Mickelson Co. for the month of March are shown below. The company performed $20,000 of services for customers on account. The company received $20,000 in cash from customers who had been billed for services [in transaction (1) ].