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March 1 Mohr invested $234,000 cash along with $24,800 in office equipment in the company. March 2 The company prepaid $6,000 cash for six
March 1 Mohr invested $234,000 cash along with $24,800 in office equipment in the company. 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 on credit 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 Mohr withdrew $5,500 cash from the company for personal use. 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 Income Trial Balance Statement Statement Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. Mohr Consulting Statement of Owner's Equity For Month Ended March 31 A. Mohr, Capital, March 1 $ 258,800 258,800 258,800 4 5,500 A. Mohr, Capital, March 31 5,500 $ 253,300
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