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3 The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net
3 The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first two transactions are completed for you! Show less Transaction: Total Assets Liabilities Net Income Total Equity Balance sheet Balance sheet Balance sheet O S 123,500 20 polnts Where can you go to find each of your answers? ncome statement Apr. 1 Carlberg invests $95,000 cash along with offices equipment valued at $28,500 in the company 0 123,500 eBook Apr. 2 The company prepaid $12,000 cash for twelve months rent for offce space. The company's policy is record prepaid expenses in balance sheet accounts 123,500 123,500 Apr. 3 The company made credit purchases for $8,500 in office equipment and $4,100 in office Apr. 6 The company completed services for a client and immediately received $5,500 cash. Apr. 9 The company completed a $8,500 project for a client, who must pay within 30 days Apr. 13 The company paid $12,600 cash to settle the Apr. 19 The company paid $3,600 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts Apr. 22 The company received $5,100 cash as partial payment for the work completed on April 9 Apr 25 The company completed work for another client for $4,400 on credit. Apr 28 Carlberg withdrew $6,000 cash from the Apr 29 The company purchased $1,100 of additional office supplies on credit. Apr. 30 The company paid $1,300 cash for this month's utity bill
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