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M.E. Carter launched Carter Company, a professional services firm on March 1. The firm will...

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Accounting

M.E. Carter launched Carter Company, a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following transactions. Enter the transactions, a through g, into the financial statement effects template below. a. Carter (owner) invested in the company $280,000 cash and $56,000 in property and equipment. The company issued common stock to Carter. b. The company paid $8,960 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $11,200 cash for these services. d. The company performed services for clients and sent a bill for $67,200 with payment due within 60 days. e

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