Net Income Total Assets Total Liabilities Total Equity Income Balance sheet Balance sheet Balance sheet $ 0 $ 106,000 $ 0 $ 106,000 Transaction: Where can you go to find each of your answers? April 1 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company. in exchange for common stock. April 2 The company prepaid $9,000 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received $4,000 cash. April 9 The company completed a $6,000 project for a client, who must pay within 30 days. April 13 The company paid $11,600 cash to settle the account payable created on April 3. April 19 The company paid $2,400 cash for the premium on a 12-month prepaid insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. April 22 The company received $4,400 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $2,890 on credit. April 28 The company paid $5,500 cash in dividends. April 29 The company purchased $600 of additional office supplies on credit. statement 0 106,000 0 106,000