Business transactions completed by Hannah Venedict during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, a financial statements. nd assess the impact of each transaction on the for common stock ofa sep. 1 Venediet invested $60,000 cash along with office equipment valued at $25,000 in exchange new company named HV Consulting 30,000 cash and a long-term note payable for $170,000 value of $16,500 and is to be used exclusively in the business rchased land valued at $40,000 and a building valued at $160,000. The purehase is paid with land Sep. 3 The eompany Sep. 5 The company purchased $2,000 of office supplies on credit Sep. 7 Venedict invested her personal automobile in the company in exchange for more common stock. The automobil e has a Sep. 9 The company purchased $5, 600 of additional office equipment on credit Sep. 11 The company paid $1,800 cash salary to an assistant Sep. 13 The company provided services to a client and collected $8,000 cash Sep. 15 The company paid $635 cash for this month's utilities Sep. 17 The eompany paid $2,000 eash to settle the account payable created on September 5 Sep. 19 The company purchased $20,300 of nev offiee equipment by paying $20,300 cash 21 The eompany completed $6,250 of services for a client, whomust pay within 30 days Sep. 23 The company paid $1,800 eash salary to an assistant Sep. 25 The company received 4,000 cash in partial payment on the receivable created on September 21 Sep. 27 The company paid $2,800 eash in dividends Ledger Trial Balance Income Earnings Balance Sheet Impact on Statement General Journal Tab- For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. Each journal entry is automatically posted to the General Ledger General Ledger Tab To see the detail of all transactions that affect a specific account, or the balance in an account ata specific point in time, click on the General Ledger tab. Abnormal balances appear in parentheses. Click on any amount to see the underlying journal entry Trial Balance Tab -A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. If your trial balance doesn't balance, review your journal entries on the general journal tab. Income Statement Tab-Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate Statement of Retained Earnings Tab- Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owners capital balance Balance Sheet Tab 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. Impact on Equity Tab-Using the dropdown buttons, indicate the impact each item has on total equity. Compare the total with the amount of equity reported on the balance sheet. General Journal
