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Determine which financial statement is impacted by the transactions listed below -A.B.C.D. On March 31st, purchased 12 months of rent for $3,200 -A.B.C.D. On April

Determine which financial statement is impacted by the transactions listed below

-A.B.C.D.

On March 31st, purchased 12 months of rent for $3,200

-A.B.C.D.

On April 1st paid $4,200 on accounts payable.

-A.B.C.D.

Billed client for $12,000 on April 14th for services provided.

-A.B.C.D.

On April 31st we paid the utility bill for $650

-A.B.C.D.

On April 20, purchased Furniture for the new office wing that cost $45,000; paid $15,000 cash and signed a two-year note for the balance.

-A.B.C.D.

Reese Hunter sent $42,000 advanced payment for his custom order. (tricky - think carefully)

A.

Balance Sheet

B.

Balance Sheet and Income Statement

C.

Income Statement

D.

No impact on financial statements

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