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. 12 The company paid $4,200 cash to settle the accounts payable created on March 3. The event net income because The event total assets. The event total liabilities. The event equity because 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. 22 The company received $3,500 cash as partial payment for the work completed on March 9. The event net income because The event total assets. The event total liabilities. The event equity because 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. 29 The company paid a $5,100 cash dividends. The event net income because The event total assets. The event total liabilities. The event equity because 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. 29 The company paid a $5,100 cash dividends. The event The event The event The event net income because total assets. total liabilities. equity because