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The basic Accounting Equation can be expressed as A = B + C. Describe A, B and C in this basic accounting equation. What is the essence of the accounting equation?4. Transactions made by Newton Company for the month of June are below. 1.The company provided $21,160 of services for customers on account. 2.The company received $21,160 in cash from customers who had been billed for services [in transaction. 3.The company received a bill for $3,600 of advertising but will not pay it until a later date. 4.Newton corporation paid a cash dividend of $2,360. a. Describe the expanded Accounting Equation.b. Prepare a tabular analysis that shows the effects of transactions 1-4 on the expanded accounting equation for Newton Company.

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Category:- Accounting Basics
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