Determine which financial statement is impacted by the transactions listed below -A.B.C.D. On March 31st, purchased...

Determine which financial statement is impacted by the transactions listed below

-A.B.C.D.	On March 31st, purchased 12 months of rent for $3,200
-A.B.C.D.	On April 1^st paid $4,200 on accounts payable.
-A.B.C.D.	Billed client for $12,000 on April 14^th for services provided.
-A.B.C.D.	On April 31st we paid the utility bill for $650
-A.B.C.D.	On April 20, purchased Furniture for the new office wing that cost $45,000; paid $15,000 cash and signed a two-year note for the balance.
-A.B.C.D.	Reese Hunter sent $42,000 advanced payment for his custom order. (tricky - think carefully)

A.	Balance Sheet
B.	Balance Sheet and Income Statement
C.	Income Statement
D.	No impact on financial statements

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ekkarill92 answered 1 year ago

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