Considering the beginning balances and the effects of the transactions listed below, prepare the financial statements for Wildcat Co as of January 31, 2018. 1. Wildcat had beginning balances in account as follows:

a. Cash $6000

b. Account receivable $15000

c. Account Payable $2500

d. Retained Earnings $10000

e. Common stock $8500 Question:

Determine the impact of transactions for the month of January on the financial statement equation.

a. Borrowed $7500 cash from the bank and signed a note payable for that amount.

b. Paid $1500 for January's rent

c. Paid $750 cash due on outstanding accounts payable.

d. Received $1450 cash from customers for services performed in January.

e. Paid $3500 cash for salaries earned by employees during January

f. Received a $350 invoice for January's insurance expense. It will be paid in February.

g. Received $8800 cash on customer's accounts receivables for services performed in December.

h. Paid $8500 on January 31st to acquire a machine for business use.

i. Paid $45 cash to the bank for January's interest owed on the notes payable.

j. Provided customer $6,900 of services, on account.

k. Declared and paid a $4500 cash dividend to owners.