Allen Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Jun. Jun. Jun. Jun. Jun. Jun. Jun. Jun. Jun. 1 Susan Allen, the owner, invested $132,000 cash, office equipment with a value of $13,000, and $76,000 of drafting equipment to launch the company. 2 The company purchased land worth $57,000 for an office by paying $17,500 cash and signing a long-term note payable for $39,500. 3 The company purchased a portable building with $47,000 cash and moved it onto the land acquired on June 2. 4 The company paid $7,800 cash for the premium on an 18-month insurance policy. 5 The company completed and delivered a set of plans for a client and collected $12,600 cash. 6 The company purchased $29,600 of additional drafting equipment by paying $17,500 cash and signing a long-term note payable for $12,100. 7 The company completed $26,800 of engineering services for a client. This amount is to be received in 30 days. 8 The company purchased $1,950 of additional office equipment on credit. 9 The company completed engineering services for $25,200 on credit. Jun. 10 The company received a bill for rent of equipment that was used on a recently completed job. The $2,100 rent cost must be paid within 30 days. Jun. 12 The company collected $13,400 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $2,000 cash for wages to a drafting assistant. Jun. 17 The company paid $1,950 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,325 cash for minor maintenance of its drafting equipment. Jun. 23 Susan Allen withdrew $9,800 cash from the company for personal use. Jun. 28 The company paid $2,000 cash for wages to a drafting assistant. Jun. 29 The company paid $3,140 cash for advertisements on the web during June. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Transaction Impact on Equity Show less