Business transactions completed by Edward Lee during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and assess the Impact of each transaction on the financial statements. Sep. 1 Lee invested $66,000 cash along with office equipment valued at $25,200 in exchange for common stock of a new company named EL Consulting. Sep. 3 The company purchased land valued at $44,000 and a building valued at $160,200. The purchase is paid with $30,200 cash and a long-term note payable for $174,000. Sep. 5 The company purchased $2,200 of office supplies on credit. Sep. 7 Lee invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,900 and is to be used exclusively in the business. Sep. 9 The company purchased $5,800 of additional office equipment on credit. Sep. 11 The company paid $2,100 cash salary to an assistant. Sep. 13 The company provided services to a client and collected $4,100 cash. Sep. 15 The company paid $1,000 cash for this month's utilities. Sep. 17 The company paid $2,200 cash to settle the account payable created on september 5. Sep. 19 The company purchased $20,500 of new office equipment by paying $20,500 cash. Sep. 21 The company completed $6,600 of services for a client, who must pay within 30 days. Sep. 23 The company paid $2,100 cash salary to an assistant. sep. 25 The company received $5,000 cash in partial payment on the receivable created on September 21. Sep. 27 The company paid $3,000 cash in dividends. Answer is not complete. General Requirement Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, stockholder investments and dividends. 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. Show less