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prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation

Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services [in transaction (1)). The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company paid a cash dividend of $2,930. Prepare a tabular analysis that shows the effetts of these transactions on the expanded accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets + Accounts Receivable Liabilities Accounts Payable Cash = + Common Stock (1) $ $ $ (2) (3) (4) Transactions made by Pharoah Company for the month of March are shown below. 1. 2. 3. 4. The company performed $23,660 of services for customers on account. The company received $23,660 in cash from customers who had been billed for services (in transaction (1)]. The company received a bill for $2,470 of advertising but will not pay it until a later date. Pharoah Company paid a cash dividend of $2,930. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) immon Stock + Stockholders' Equity Retained Earnings Expenses Revenues Dividends

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