Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2016 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands.

Required:

(b) Enter in the T-accounts the following transactions for 2016. A. Provided $ 58,000 in services to clients who paid $ 48,000 in cash and owed the rest on account. B. Received $ 5,600 cash from clients on account. C. Received $ 400 in cash as interest revenue on investments d. Paid $ 36,000 in wages, $ 12,000 in travel, $ 7,600 in rent, and $ 1,600 on accounts payable. E. Received $ 1,600 in cash from clients in advance of services Massa will provide next year. F. Received a utility bill for $ 800 for 2016 services. G. Declared and paid $ 480 in dividends to stockholders