Zen Hatha opened a Yoga Studio and during a short period as a dealer completed the transactions (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Started the yoga studio, Asha Yoga Studio, by Investing $50,000 in cash and equipment with a $28,000 fal value Purchased land valued at $35,000 and a small building valued at $80,000, paid 530,000 cash and signed a note payable, agreeing to pay the balance over a period of years Purchased office supplies on credit, 5100 Zen Hatha contributed his personal automobile, which had a $12,000 fair value, for exclusive use in the business Paid the yoga instructor salary, S500 Completed monthly yoga classes for the value of $6,500 cash Paid $650 cash for a magazine advertisement Pald for the supplies purchased in transaction (3) Purchased new yoga mats for the business paying $300 cash Completed a yoga assessment and billed the client $400. Zen Hatha withdrew $200 from the business to pay personal expenses Received payment in full for the appraisal of transaction (10) What was the total of the debit balances shown in the trial balance prepared after these transactions were posted? You will need to CORRECTLY provide journal entries for transactions (1), (2) and (3) in question 9 to receive full marks for question 8. Select one. O A $152,300 O B. 5181,900 O C. $167,700 OD $173 95 O E $243,620 A company shows an 5600 balance in Prepaid Insurance in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired insurance of 5600. This adjusting entry results in Select one O A $200 different between the debit and credit columns of the unadjusted trial balance OB. $600 less profit O c. 5400 in the income Statement Debit column on the work sheet O D. 5400 in the Balance Sheet Credit column on the work sheet O E $600 more profit