Question 1 The following are the transactions of SSS Enterprise during the first quarter of its operations. DATE TRANSACTIONS Jan. 1 SSS Enterprise invested $200,000 of cash into the business. Jan. 2 Purchased a $10,000 12-month insurance policy. Purchased equipment for $15,000, paying $5,000 cash, and signing a note for the Jan. 15 difference Wages of $9,000 were paid to Jan. 30 employees Purchased supplies for $1,200 on Feb. 4 account. Feb. 20 Received $12,000 in cash for services performed. Feb. 25 SSS Enterprise withdrew $3,000 for personal use. Feb. 28 Paid the outstanding balance for the January 15 purchase. Paid for supplies purchased on February Mar-17 4. Mar-25 Performed services on account for $2,200. $20,000 was paid in wages to Mar-30 employees. Mar-31 Received and paid March telephone bill, $200. Mar-31 Received payment for services provided on March 25. Billed a customer $600 for repair Mar-31 services. Mar-31 Paid $150 for March advertising. SSS, Capital Withdrawal Service Revenue Wages Expense Telephone Expense Advertising Expense Net Income /(Net loss) Total Assets Total Liabilities Total Proprietorship Use your solutions to answer the following: Cash Accounts Receivable Prepaid Insurance Supplies Equipment