DO IT! 1.4 (LO 4) Transactions made by A. Marti and Co., a law firm,...
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Accounting
DO IT! 1.4 (LO 4) Transactions made by A. Marti and Co., a law firm, for the month of March are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 1.8. The company performed $20,000 of services for customers, on credit. The company received $20,000 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,200 of advertising but will not pay it until a later date. A. Marti withdrew $2,500 cash from the business for personal use
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