$/$iew Policies

Current Attempt in Progress

Transactions made by Monty and Co$.,$ a consulting firm, for the month of March are shown below.

The company performed $$40,000$ of services for customers, on credit.

The company received $$17,000$ in cash from customers who had been billed for services $[$in Transaction $(1)].$

The company received a bill for $$6,000$ of advertising but will not pay it until a later date.

Ms$.$ Ingler withdrew $$2,600$ cash from the business for personal use.

Prepare a tabular summary, which shows the effects of these transactions on the expanded accounting equation. $($If a t Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item tha

$\backslash$table$[[$Assets$,=\frac{\text{L}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}}{\text{C}\text{a}\text{s}\text{h}}$