10 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. Assume Valdez Services began the year with the following balances: Cash, $47,000; Accounts receivable, $11,400; and B. Valdez, Capital, $58,400 10 points 00:28:07 January 1 Brina Valdez invested $21,400 cash in the company. January 2 The company provided services to a client and immediately received $5,100 cash. January 3 The company received $11,480 cash from a client in payment for services to be provided next year. January 4 The company received $6,300 cash from a client in partial payment of an accounts receivable. January 5 The company borrowed $12,eee cash from the bank by signing a note payable. Skipped eBook General General Income Financial Statement Requirement Journal Balance Sheet Trial Balance Ledger Statement Owners Equity Statement Impact Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Valdez Company, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry". Ask View transaction list Print References Journal entry worksheet MC