Question: someone please. Everything is red is incorrect. Where all the negatives are is incorrect. Please and thank you NWP Anessment Question 3 of 7 0.37

someone please. Everything is red is incorrect. Where all the negatives are is incorrect. Please and thank you
someone please. Everything is red is incorrect. Where all the negatives are
is incorrect. Please and thank you NWP Anessment Question 3 of 7
0.37 / 1 View Policies Show Attempt History Current Attempt in Progress
Your answer is partially correct. Transactions made by A. Thomas and Co.,

NWP Anessment Question 3 of 7 0.37 / 1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Transactions made by A. Thomas and Co., a law firm, for the month of March are shown as follows. 1. The company performed $55,000 of services for customers, on credit. The company received $55,000 in cash from customers who had been billed for services (in transaction 1). 2. 3. The company received a bill for $3,600 of advertising but will not pay it until a later date. 4. A. Thomas withdrew $5,000 cash from the business for personal use. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example. Liabilities Assets Accounts Payable Accounts Receivable 4. A. Thomas withdrew $5,000 cash from the business for personal use. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Assets Liabilities Cash Accounts Receivable Accounts Payable $ (1) $ 5,000 $ (2) 55.000 $ (55,000) i = $ $ (3) 3.600 (4) $ (5.000 i 50.000 3,600 e Textbook and Media Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example) Owner's Equity Owner's Capital Owner's Drawings Revenues $ 55.000 $ C $ $ $ C $ $ (5.000 i 15.000 55.000 $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer 3. The company received a bill for $3,600 of advertising but will not pay it until a later date. A. Thomas withdrew $5,000 cash from the business for personal use. 4. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation. If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Owner's Equity Owner's Drawings Revenues Expenses 55.000 $ 19.500 (5000) $ (5.000) 55 000 $ 13.600 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit

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