1. March 1: The XYZ Company signed a 6 month rent of a building, which is effective March1. XYZ Company prepaid the full amount of the 6 month rent for $24,000.
2. March 1: XYZ Company purchased $5000 of office supplies for cash.
3. March 2: XYZ Company received $6000 from its customers, and agreed to provide services for the next 2 months (including this month).
4. March 30: XYZ Company received its utilities bill of $100, which will be paid April 10.

3- Record the journal entry related to the payment of utilities on April 10.

	ACCOUNT NAME	DEBIT	CREDIT		Assets	=	Liabilities	+	Equity
1
2
3
10-April

5-What is the balance of cash at the end of April 30 knowing that the balance on February 28 was $50,000. (Use the T account).

6-What are the impacts of not recording the adjusting entry N 2 on net income and total assets (determine the amount).