Discuss the below:
Answer each of the following transactions describing the effect of each transaction on the specific assets, liabilities, and/or stockholder's equity account:
Selected transactions for Thyme Advertising Company, Inc.
Issued common stock to investors in exchange for cash received from investors.
Paid monthly rent.
Received cash from customers when service was performed.
Billed customers for services performed.
Paid dividend to stockholders.
Incurred advertising expense on account.
Received cash from customers billed in (4).
Purchased additional equipment for cash.
urchased equipment on account.