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Question : Transactions made by Morlan and Co., a law firm, for

Transactions made by Morlan and Co., a law firm, for the month of March are shown below. The company performed $44,000 of services for customers, on credit. The company received $44,000 in cash from customers who had been billed for services (in transaction 1). The company received a bill for $3,300 of advertising, but will not pay it until a later date. The company paid a dividend of $6,000 in cash to stockholders. Prepare a tabular analysis which 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 e.g. -15,000 or parenthesis (15,000).)

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