Transactions made by Mickelson Co. for the month of March are shown below. 1. The company performed $20,000 of services for customers on account.
2. The company received $20,000 in cash from customers who had been billed for services [in transaction (1)].
3. The company received a bill for $1, 800 of advertising but will not pay it until a later date.
4. Mickelson Co. paid a cash dividend of $3,000. 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 illustration 3-3 for example.)

Mickelson Co.

A Tabular analysis that shows the effects of these transactions on the expanded accounting equation:

   Assets                                        = Liabilities +Equity

1. Accounts receivable $20,000  = Liabilities + Retained Earnings $20,000    

2. Cash $20,000 Accts Receivable -$20,000 = Liabilities + Equity

3. Assets =  Liabilities $1,800 + Equity (Retained Earnings - $1,800)

4. Cash - $3,000 = Liabilities + Equity (Retained Earnings - $3,000)

Explanation:

a) Mickelson Co.'s accounting equation shows that its Assets are always equal to its Liabilities + Equity with each given transaction.  Each transaction affects either one or two sides of the equation, and so keeping it in balance.  For example, the payment of Cash Dividend of $3,000 decreases Cash (Asset) by $3,000 and decreases Retained Earnings (Equity) by the same amount.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; descriptive statistics;