March 1 Rodriguez invested $153,000 cash along with $22,100 in office equipment in the company. March...

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March 1 Rodriguez invested $153,000 cash along with $22,100 in office equipment in the company. March 2 The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3 The company made credit purchases of office equipment for $3,100 and office supplies for $1,300. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $4,100 cash. March 9 The company completed a $7,600 project on credit for a client, who must pay within 30 days. March 12 The company paid $4,400 cash to settle the account payable created on March 3. March 19 The company paid $5,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22 The company received $4,600 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,000 on credit. March 29 Rodriguez withdrew $5,200 cash from the company for personal use. March 30 The company purchased $700 of additional office supplies on credit. March 31 The company paid $600 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement Statement Owners Equity Balance Sheet Impact on Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Transaction March 1) Rodriguez invested $153,000 cash along with $22,100 in office equipment in the company. March 2) The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $3,100 and office supplies for $1,300. Payment is due within 10 days. March 6) The company completed services for a client and immediately received $4,100 cash. March 9) The company completed a $7,600 project on credit for a client, who must pay within 30 days. March 12) The company paid $4,400 cash to settle the account payable created on March 3. March 19) The company paid $5,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22) The company received $4,600 cash as partial payment for the work completed on March 9. March 25) The company completed work for another client for $4,000 on credit. March 29) Rodriguez withdrew $5,200 cash from the company for personal use. March 30) The company purchased $700 of additional office supplies on credit. March 31) The company paid $600 cash for this month's utility bill. Total impact on equity Q @ N 2 #3 20 F3 W E $4 888 F4 Impact on Equity 5751 % F5 $ 0 T Show lessA Prev 1 of 1 Next MacBook Air 6 > Y 7 A S D F G H F7 00 8 Z X C V B N H ption command March 1 Rodriguez invested $153,000 cash along with $22,100 in office equipment in the company. March 2 The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3 The company made credit purchases of office equipment for $3,100 and office supplies for $1,300. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $4,100 cash. March 9 The company completed a $7,600 project on credit for a client, who must pay within 30 days. March 12 The company paid $4,400 cash to settle the account payable created on March 3. March 19 The company paid $5,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22 The company received $4,600 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,000 on credit. March 29 Rodriguez withdrew $5,200 cash from the company for personal use. March 30 The company purchased $700 of additional office supplies on credit. March 31 The company paid $600 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement Statement Owners Equity Balance Sheet Impact on Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Transaction March 1) Rodriguez invested $153,000 cash along with $22,100 in office equipment in the company. March 2) The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $3,100 and office supplies for $1,300. Payment is due within 10 days. March 6) The company completed services for a client and immediately received $4,100 cash. March 9) The company completed a $7,600 project on credit for a client, who must pay within 30 days. March 12) The company paid $4,400 cash to settle the account payable created on March 3. March 19) The company paid $5,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22) The company received $4,600 cash as partial payment for the work completed on March 9. March 25) The company completed work for another client for $4,000 on credit. March 29) Rodriguez withdrew $5,200 cash from the company for personal use. March 30) The company purchased $700 of additional office supplies on credit. March 31) The company paid $600 cash for this month's utility bill. Total impact on equity Q @ N 2 #3 20 F3 W E $4 888 F4 Impact on Equity 5751 % F5 $ 0 T Show lessA Prev 1 of 1 Next MacBook Air 6 > Y 7 A S D F G H F7 00 8 Z X C V B N H ption command