Transactions made by Ivanhoe Company for the month of March are shown below. 1. The
company performed $19,650 of services for customers on account. 2. The company received
$19,650 in cash from customers who had been billed for services [in transaction (1) 3. The
company received a bill for $3,450 of advertising but will not pay it until a later date 4. Ivanhoe
Company paid a cash dividend of $4,000 Prepare a tabular analysis that shows the effects of
these transactions on the expanded accounting equation. (If a transaction causes a decrease in
Assets, Liabilities or Stockholders 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 Ilustration
3-3 for example.) Liabilities+ Stockholders\' Equity Cash + Accounts Receivable = Accounts
Payable + Common Stock + Retained Earnings RevenuesExpensesDividends
Solution
solution :-CashAccounts ReceivableAccounts PayableCommon StockRetained
EarningRevenuesExpensesDividends1)+$19650+$196502)+$19650-$196503)+$3450-$34504)-
$4000-$4000.
Transactions made by Ivanhoe Company for the month of March are shown.pdf
1. Transactions made by Ivanhoe Company for the month of March are shown below. 1. The
company performed $19,650 of services for customers on account. 2. The company received
$19,650 in cash from customers who had been billed for services [in transaction (1) 3. The
company received a bill for $3,450 of advertising but will not pay it until a later date 4. Ivanhoe
Company paid a cash dividend of $4,000 Prepare a tabular analysis that shows the effects of
these transactions on the expanded accounting equation. (If a transaction causes a decrease in
Assets, Liabilities or Stockholders 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 Ilustration
3-3 for example.) Liabilities+ Stockholders' Equity Cash + Accounts Receivable = Accounts
Payable + Common Stock + Retained Earnings RevenuesExpensesDividends
Solution
solution :-CashAccounts ReceivableAccounts PayableCommon StockRetained
EarningRevenuesExpensesDividends1)+$19650+$196502)+$19650-$196503)+$3450-$34504)-
$4000-$4000
