March 1: As a sole shareholder, McCall invested $125,000 cash along with $45,000 of office equipment in the company.

March 2:Horizon Consultants Inc. completed services for a client and immediately received $4,000 cash.

March 3: Horizon made credit purchases for office equipment for $1,500 and office supplies for $2,100. Payment is due within 10 days.

March 6: Horizon Consultants Inc. pre-paid $6,000 cash for six months' rent for their office.

March 10:Horizon completed a $4,250 project for a client who must pay within 45 days.

March 12: Horizon paid $3,600 cash to settle the account payable created on March 3.

March 19: Horizon paid a $6,000 cash premium on a 12-month insurance policy.

March 22: Horizon received $3,250 cash as a partial payment for the work completed on March 10.

March 25: Horizon completed work for another client for $4,250 on credit.

March 29: McCall paid herself a dividend of $3,000 cash.

March 30: Horizon purchased $750 of additional office supplies on credit.

March 31: Horizon paid $350 cash for this month's utility bill.

Instructions:

List the effect that each transaction has on the accounting equation.

Chart of accounts: cash, office equipment, capital stock, prepaid rent, prepaid insurance, office supplies, accounts payable, consulting revenue, accounts receivable, dividend, utility expense.

Date \\Account Names Debit Credit I - Mular I - Mar - Mar G - Man LA_ Mar 12 - Man 14 - Mar ZZ - Man 25- Mar 24 - Mar 30- Mar 31 - MarSTREAKE Construction CO. Adjustment's DECEMBER 3 1, 20KT ^just # Account Names [`tilt Credit Gruenke Construction Co , Adjustments DECEMBER 31, 20187 Unadjusted Trial Balance Adjustments Adjusted Trial Balance \\ACCOUNT HOTIES Debit Credit GEbit Credit Debit Credit 101| Cash $15, 0 0 01 125\\ Supplies 129\\ Prepaid insurance* $11, 20 0 167\\ Equipment* $175, 00 0 IES\\ Accumulated depreciation - Equipment $ 19, 0 0 0 201 Accounts payable 50, 250 251| Long-term notes payable* $45, 0 0 0 301\\ Stockholders" Equity SLOE. 900 302\\ Dividends $15, 750 401| Demolition feel carried $151,0 0 0 $23\\ Wage EXPENSE SEL , $10 GIS| Interest expense* GE. 150 540| Ment Expense* $15, 750 GES\\ Property LUX EXPLETIVE* $ 12,5 0 0 GEA| Repair EXPENSE SE LOD TOTALS $137.1501\\ $137.150|[Company Name] Income Statement [date] Revenues: List names Expenses: List names 0 000000 Total expenses $ Net income [Company Name] Statement of Stockholders' Equity [date] Stockholders' Equity, [date] 14 Plus: Additional shareholder investment 0 0 Net income Less: Dividends Stockholders' Equity. [date][Company Name] Balance Sheet [Date] Assets Liabilities & Stockholders' Equity $ $ - Total Liabilities Total stockholders' equity Total Assets Total liabilities and stockholders' equity