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impact on equity help please:) Balance Sheet March 1) Richards invested $204,000 cash along with $23.800 in office equipment in the company. Mareh 2) The

impact on equity help please:) image text in transcribed
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Balance Sheet March 1) Richards invested $204,000 cash along with $23.800 in office equipment in the company. Mareh 2) The company prepaid $10,000 eash for six months rent for an office. The company's polioy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $4,800 and office supplies for $3,000. Payment is due within 10 days: March 6) The oompany completed senvices for a client and immediately received $5,800 cash. March 9) The company completed a $9,300 proje of on oredit No change in equity for a client, who must pay within 30 days. Match 12) The company paid $7,800 eash to settle the acoount payable oreated on March 3. March 19) The company paid $7,500 cash tor the premium on a 12-month insurance policy. The oompany's policy is to reoord prepaid expenses in balance sheet acoounts. Mareh 22) The company received $5,600 oash as partial payment for the work completed on Maroh 9. March 25) The company oompleted wo k for another client for $5.700 on oredit. Maroh 29) Richards withdrew $5,300 oash from the oompany for personal use. March 30) The company purchased $800 of additional office supplies on cre dit. Maroh 31) The company paid $700 oash for this month's utility bill. \begin{tabular}{|l|l|l|l|} \hline Total impact on equity & $ & $ \\ \hline & \\ \hline \end{tabular} Increased equity - Revenue Increased equity - Owner investment Decreased equity - Expense Decreased equity - Owner withdrawal Balance sheet

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