Hatch Inc. has the following transactions during March 2027: Transaction 1: Mar. 1 The business received...

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Hatch Inc. has the following transactions during March 2027: Transaction 1: Mar. 1 The business received $10,000 cash and issued common stock to stockholders. Transaction 2: Mar. 2 Paid the rent of March 2027: $500. Transaction 3: Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $6,000. Transaction 4: Mar. 4 Purchased office supplies for $550 cash. Transaction 5: Mar. 5 Billed a client for $13,000 for goods sold on 3/5; the cost of goods sold is $8,000 Transaction 6: Mar. 6 Received cash of $7,000 on account for the goods sold and recorded in the previous period (February 2027). Assume there is no tax and the firm uses PERPETUAL inventory system. Notes: the firm prepares MONTHLY financial statement. Transactions that change Transaction 1, Transa equity of the firm are Transaction(s) that affect(s) ONLY asset side of the balance is/are sheet is(are) Transaction(s) that reduce(s) equity is/are Transaction 4 ONLY Transaction 2 Hatch Inc. has the following transactions during March 2027: Transaction 1: Mar. 1 The business received $10,000 cash and issued common stock to stockholders. Transaction 2: Mar. 2 Paid the rent of March 2027: $500. Transaction 3: Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $6,000. Transaction 4: Mar. 4 Purchased office supplies for $550 cash. Transaction 5: Mar. 5 Billed a client for $13,000 for goods sold on 3/5; the cost of goods sold is $8,000 Transaction 6: Mar. 6 Received cash of $7,000 on account for the goods sold and recorded in the previous period (February 2027). Assume there is no tax and the firm uses PERPETUAL inventory system. Notes: the firm prepares MONTHLY financial statement. Transactions that change Transaction 1, Transa equity of the firm are Transaction(s) that affect(s) ONLY asset side of the balance is/are sheet is(are) Transaction(s) that reduce(s) equity is/are Transaction 4 ONLY Transaction 2