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Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional...

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Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services firm on March 1. The firm will prepare financial staternents 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. The company compensated an office employee with $13,440 cash as salary for March. f. The company received $28,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $2,618 cash in dividends to Carter (owner). Use negative signs with answers, if appropriate

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