Question: Question 2 2 pts Determine what effects, if any, the event had on the net income and on the balance sheet. The policy is to

Question 2
2 pts
Determine what effects, if any, the event had on the net income and on the balance sheet.
The policy is to record prepayments into balance sheet accounts.
Mar. 2 The company prepaid $6,000 cash for six months' rent for an office.
The event net income because
The event total assets.
The event total liabilities.
The event equity because
Question 2 2 pts Determine what effects, if any, the event

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