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Requirement General Journal General Ledger Tria The financial statements report the cumulative impact of a) Net Income (Loss), b) Total Assets, c) Total Liabi after
Requirement General Journal General Ledger Tria The financial statements report the cumulative impact of a) Net Income (Loss), b) Total Assets, c) Total Liabi after each transaction is recorded. (Hint: You can chec completed for you! 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. Apri The company paid $2,400 cash for the premium on a 12-month prepaid insurance policy. The
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