Business, 21.01.2020 19:31 bks53

Analyzing and reporting financial statement effects of transactions m. e. carter launched carter company, 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. enter the transactions, a through g, into the financial statement effects template below. a. carter (owner) invested in the company $200,000 cash and $40,000 in property and equipment. the company issued common stock to carter. b. the company paid $6,400 cash for rent of office furnishings and facilities for march. c. the company performed services for clients and immediately received $8,000 cash earned. d. the company performed services for clients and sent a bill for $48,000 with payment due within 60 days. e. the company compensated an office employee with $9,600 cash as salary for march. f. the company received $20,000 cash as partial payment on the amount owed from clients in transaction d. g. the company paid $1,870 cash in dividends to carter (owner).

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Analyzing and reporting financial statement effects of transactions m. e. carter launched carter com...

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