financial statements. March 1 Mohr invested $234,000 cash along with $24, 800 in office equipment in the company in exchange for common stock. March 2 The company prepaid $6,000 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 $5,800 and office supplies for $4,000. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,800 cash. March 9 The company completed a $10, 300 project for a client, who must pay within 30 days. March 12 The company paid $9,800 cash to settle the account payable created on March 3. March 19 The company paid $9,500 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 $6, 200 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $6,700 on credit. March 29 The company paid $5,500 cash in dividends. March 30 The company purchased $1,000 of additional office supplies on credit. March 31 The company paid $900 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, stockholder investments and dividends. 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) Mohr invested $234,000 cash along with $24,800 in office equipment in the company in exchange for common stock. March 2) The company prepaid $6,000 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 $5,800 and office supplies for $4,000. Payment is due within 10 days. March 6) The company completed services for a client and immediately received $6,800 cash. March 9) The company completed a $10,300 project for a client, who must pay within 30 days. March 12) The company paid $9,800 cash to settle the account payable created on March 3. March 19) The company paid $9,500 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22) The company received $6,200 cash as partial payment for the work completed on March 9. Mar. 25) The company completed work for another client for $6,700 on credit. March 29) The company paid $5,500 cash in dividends. March 30) The company purchased $1,000 of additional office supplies on credit. March 31) The company paid $900 cash for this month's utility bill. Total impact on equity Impact on Equity Decreased equity - Dividends Decreased equity - Expense Increased equity - Revenue Increased equity - Stockholder investment No change in equity $ Show less