Business transactions completed by Hannah Venedict 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 Venedict invested $68,8608 cash along with office equipment valued at $25,880 in exchange for common stock of a new company Sep. 3 The company purchased land valued at $48e,8 and a building valued at $168,888. The purchase is paid with $38,8e cash and Sep. 5 The company purchased $2,888 of office supplies on credit Sep. 7 Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,580 and is to be used exclusively in the business Sep. 9 The company purchased $5,688 of additional office equipment on credit Sep. 11 The company paid $1,88e cash salary to an assistant Sep. 13 The company provided services to a client and collected $8,88e cash Sep. 15 The company paid $635 cash for this month's utilities Sep. 17 The company paid $2,880 cash to settle the account payable created on September 5 Sep. 19 The company purchased $28, 38e of new office equipment by paying $28,38e cash Sep. 21 The company completed $6,258 of services for a client, who must pay within 38 days Sep. 23 The company paid $1,88e cash salary to an assistant Sep. 25 The company received $4,808 cash in partial payment on the receivable created on September 21 Sep. 27 The company paid $2,88e cash in dividends St Retained Requirement Trial Balance Balance Sheet pact on 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 at a specific point in time, click on the General Ledger tab. Abnormal balances appear in parentheses. Click on any amount to see 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 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 owner's 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>
