M Gmail Maps Saved - Ch 2 20544 cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that wou the financial statements immediately after each transaction is recorded. (Hint: You can check your answer the date on the trial balance tab.) The first 3 transactions are completed for you! Total Equity Balance sheet $ 30,000 30.000 30,000 34.200 Total Transaction: Net Income Total Assets Liabilities income Where can you go to find each of your answers? statement Balance sheet Balance sheet Dec. 1 - FastForward receives $30.000 cash from Chas $ 0 $ 30,000 $ 0 Taylor as an owner contribution Dec. 2 - Pays $2.500 cash for supplies. 0 30,000 0 Dec 3 - Pays $28.000 cash for equipment. 0 30.000 0 Dec 4 - Purchases $7.100 of supplies on credit from a 4.200 41.300 11,300 supplier. Dec. 5. Provides consulting services and immediately 40.300 collects $4.200 cash. Deo 6 - Pays $1.000 cash for December rent 39,800 Dec. 7. Pays 9700 cash for employee salary Dec. 8 - Provides consulting services of $1.600 and rents its test facilities for $300. The customers bied $1,000 for these services Dec. Receives $1.000 cash from the client billed on December Dec 10 Pays CalTech Supply 5000 cash toward the payable from December 4 Deo. 11 - Chas Taylor withdraws 5200 cash for persona use Dec 12 - Receives 53.000 cash in advance of providing consulting services to a customer Dec 13 Pays $2.400 cash insurance premium for a 24-month insurance coloy Coverage begins on December 1 De 14. Pays 5120 cash for us 1 of 2 !!! Next pe here to search