Question: Current Attempt in Progress Transactions made by Crane Co. for the month of March are shown below. 1. The company performed $19,480 of services for

Current Attempt in Progress Transactions made by Crane Co. for the month of March are shown below. 1. The company performed $19,480 of services for customers on account. 2. The company received $19,480 in cash from customers who had been billed for services [in transaction (1)]. 3. The company received a bill for $3,570 of advertising but will not pay it until a later date. 4. Crane Co. paid a cash dividend of $3,440. 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, Llability or Equity item that was reduced.)
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