M. E. Carter launched 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. 1. Prepare an income statement for Carter Company for the month of March.
2. Enter the effects of each of the transactions a through g using the financial statement effects template.
A. Carter (owner) invested in the company, $100,000 cash and $20,000 in property and equipment. The company issued common stock for Carter.
B. The company paid $3,200 cash for rent of office furnishing and facilities for March
C. The company performed services for clients and immediately received $4,000 cash earned.
D. The company performed services and sent a bill for $24,000 with payment due within 60 days
E. The company compensated an office employee with $4,800 cash as salary for March
F. The company received $10,000 cash as partial payment on the amount owed from clients in transaction d).
G. The company paid $935 cash in dividends to Carter (owner).

answerproduct line length; product mix width;

this is all on your opinion. you choose what you want to do.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.