Brian Aloan opens a web consulting business called Aloan Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Aloan invested $183,000 cash along with $23,100 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $4,100 and office supplies for $2,300. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $5,100 cash. Mar. 9 The company completed a $8,600 project for a client, who must pay within 30 days. Mar. 12 The company paid $6,400 cash to settle the account payable created on March 3. Mar. 19 The company paid $6,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for $5,000 on credit. Mar. 29 The company paid $5,400 cash in dividends. Mar. 30 The company purchased $900 of additional office supplies on credit. Mar. 31 The company paid $800 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the retained earnings. ALOAN CONSULTING Statement of Retained Earnings For Month Ended March 31 Retained earnings, March 1 5,400 5.400 (5,400) Retained earnings, March 31 $ Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Mar. 1 Aloan invested $183,000 cash along with $23,100 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $4,100 and office supplies for $2,300. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $5,100 cash. Mar. 9 The company completed a $8,600 project for a client, who must pay within 30 days. Mar. 12 The company paid $6,400 cash to settle the account payable created on March 3. Mar. 19 The company paid $6,100 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for $5,000 on credit. Mar. 29 The company paid $5,400 cash in dividends. Mar. 30 The company purchased $900 of additional office supplies on credit. Mar. 31 The company paid $800 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. ALOAN CONSULTING Balance Sheet March 31 Total Liabilities (5,400)