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1. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the

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1. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company. Jan. 2 The company purchased office supplies for $1,250 cash. Jan. 3 The company purchased $10,050 of office equipment on credit. The company received $15,500 cash as fees for services provided to a Jan. 4 customer. The company paid $10,050 cash to settle the payable for the office Jan. 5 equipment purchased on January 3. Jan. 6 The company billed a customer $2,700 as fees for services provided. Jan. 7 The company paid $1,225 cash for the monthly rent. The company collected $1,125 cash as partial payment for the account Jan. 8 receivable created on January 6. Kacy. Spade withdrew $10,000 cash from the company for personal Jan. 9 use. Prepare general journal entries and trial balance of the transactions with the QBO (Quick Books Online)

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