Transactions made by Metlock, Inc., a law firm, for the month of March are as follows....

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Transactions made by Metlock, Inc., a law firm, for the month of March are as follows. 1. The company performed $32,500 of services for customers, on credit. The company received $32,500 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,800 of advertising, but will not pay it until a later date. The company paid a dividend of $6,500 in cash to stockholders. 2. 3. 4. Prepare a tabular analysis that shows the effects of these transactions on the accounting equation. (If an amount reduces the account balance then enter with a negative sign preceding the number eg-15,000 or parenthesis (15,000)) (2) (2) P (4) $ S Cash Assets Accounts Receivable. 5 Liabilities Accounts Payable $ Common Stor !!! Transactions made by Metlock, Inc., a law firm, for the month of March are as follows. 1. The company performed $32,500 of services for customers, on credit. The company received $32,500 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,800 of advertising, but will not pay it until a later date. The company paid a dividend of $6,500 in cash to stockholders. 2. 3. 4. Prepare a tabular analysis that shows the effects of these transactions on the accounting equation. (If an amount reduces the account balance then enter with a negative sign preceding the number eg-15,000 or parenthesis (15,000)) (2) (2) P (4) $ S Cash Assets Accounts Receivable. 5 Liabilities Accounts Payable $ Common Stor !!!

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