In the space before each of the following transactions, identify if the transaction is an: Asset Source Transaction Asset Use Transaction Asset Exchange Transaction Acquired $80,000 to start a business by issuing common stock. Earned $18,000 of Revenue on account. Paid $12,000 for one year's rent in advance. Purchased $8,000 of supplies on account. Recognized $1,000 of rent expense used during the accounting period. (Previ paid for in Transaction c.) above). Paid $5,000 to suppliers in partial settlement. of Accounts Payable. Record each of the 6 transactions in Question #3 on the Horizontal Financial S next page. Be sure to calculate the total in the last row of the chart to show where are correct