material 3130301 Please adjust the prepaid accounts before answering the MCQ Oct. 1 Aster Turane invested $45,000 cash, a $15,040 computer system, and $13,000 of office equipment in the business. 2 Paid six months of rent in advance: $12,000. 3 Purchased computer supplies on credit for $1,975 from Triple-One Supplies. 5 Paid $8,640 cash for one year's premium on a property and liability insurance policy. 6 Billed Norton Electric $6,300 for installing a new computer system. 8 Paid for the computer supplies purchased from Triple-One Supplies. 10 Hired Donald Gee as a part-time assistant for $345 per day, as needed. 12 Billed Norton Electric another $1,850 for computer services rendered. 15 Received $1,650 from Norton Electric on its account. 17 Paid $375 to repair equipment damaged when moving into the new office. 20 Paid $1,950 for an advertisement in the local newspaper. 22 Received the balance owing from Norton Electric on its account 28 Billed Whistler Resort $9,400 for services. 31 Paid Donald Gee for nine days' work. 31 Aster Turane withdrew $1.200 cash from the business for personal use. What is the balance of total fixed assets at the month end? 28020 17020 17040 28040 How much is the total expense is this month? 7950 O 8150 8250 8050 How much is the net income is this month? 8400 6400 9400 5400 How much is the wage expense is this month? 13550 65960 3105 5040 What is the balance of total liabilities and equity at the month end? 81240 78960 78240 80240 1 What is the balance of the accounts receivable at the month end? 7400 8400 9400 6400