M$.$ E$.$ Carter launched 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. $1)$ Prepare an income statement for Carter Company for

the month of March. $2)$ Enter the effects of each of the

transactions a through g using the financial statement effects

template.$$a$)$ Carter $($owner$)$ invested in the company, $$100,000$ cash and

$$20,000$ in property and equipment. $$The company issued common

stock for Carter.b$)$ The company paid $$3,200$ cash for rent of office furnishing

and facilities for Marchc$)$ The company performed services for clients and immediately

received $$4,000$ cash earned.d$)$ The company performed services and sent a bill for $$24,000$

with payment due within $60$ dayse$)$ The company compensated an office employee with $$4,800$ cash

as salary for Marchf$)$ The company received $$10,000$ cash as partial payment on the

amount owed from clients in transaction d$).$g$)$ The company paid $$935$ cash in dividends to Carter

$($owner$).$ Analyze and Report Financial Statement Effects of Transactions

template shown in the module.

a$.$ Carter $($owner$)$ invested in the company $$100,000$ cash and $$200,000$ in property and equipment. The company issued common stock to Carter.

b$.$ The company paid $$3,200$ cash for rent of office furnishings and facilities for March.

c$.$ The company performed services for clients and immediately received $$4,000$ cash for these services.

d$.$ The company performed services for clients and sent a bill for $$24,000$ with payment due within $60$ days.

e$.$ The company compensated an office employee with $$4,800$ cash as salary for March.

f$.$ The company received $$10,000$ cash as partial payment on the amount owed from clients in transaction d$.$

g$.$ The company paid $$935$ cash in dividends to Carter $($owner$).$

Note: Use negative signs with answers when appropriate.

Note: If an answer field is not needed, leave it blank $($not all answer fields will be used$).$