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Business transactions completed by Hao Lee during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and

Business transactions completed by Hao 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.
September 1 Lee invested $90,000 cash along with office equipment valued at $26,000 in exchange for common stock of a new company namred HL Consulting.
September 3 The company purchased land valued at $44,000 and a building valued at $161,000. The purchase is paid with $31,000 cash and a long-term note payable for $174,000.
September 5 The company purchased $3,000 of office supplies on credit.
September 7 Lee invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $18,500 and is to be used exclusively in the business.
September 9 The company purchased $6,600 of additional office equipment on credit.
September 11 The company paid $2,100 cash salary to an assistant.
September 13 The company provided services to a client and collected $4,900 cash.
September 15 The company paid $1,000 cash for this month's utilities.
September 17 The company paid $3,000 cash to settle the account payable created on September 5.
September 19 The company purchased $20,500 of new office equipment by paying $20,500 cash.
September 21 The company completed $6,600 of services for a client, who must pay within 30 days.
September 23 The company paid $2,100 cash salary to an assistant.
September 25 The company received $5,000 cash in partial payment on the receivable created on September 21.
September 27 The company paid $3,000 cash in dividends.
\table[[Requirement,\table[[General],[Journal]],\table[[General],[Ledger]],Trial Balance,\table[[Income],[Statement]],\table[[St Retained],[Earnings]],Balance Sheet
\table[[Impact on],[Equity]]]]
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.
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