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Ed Egert opens a web consulting business called Gourmet Menus and completes the following transactions in its first month of operations Prepare journal entries for

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Ed Egert opens a web consulting business called Gourmet Menus and completes the following transactions in its first month of operations Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded. Apr. 1 Egert invested $89,000 cash along with office equipment valued at $27,500 in the company. Apr. 2 The company prepaid $10,800 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $8,300 in office equipment and $3,900 in office supplies. Paynent is due within 10 days. Apr. 6 The company completed services for a client and immediately received $4,900 cash. Apr. 9 The company completed a $7,500 project for a client, who must pay within 30 days. Apr. 13 The company paid $12,200 cash to settle the account payable created on April 3. Apr. 19 The company paid $3,120 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received 34,500 cash as partial payment for the work completed on April 9. Apr. 25 - The company completed work for another client for $4,200 on credit. Apr. 28 Egert withdrew $5,800 cash from the company for personal use. Apr. 29 The company purchased $900 of additional office supplies on credit. Apr. 30 The company paid $900 cash for this month's utility bill. Requirement General Journal General Ledger Tral Balance Income Statement St Owners Equity Balance Sheet Every Journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Gourmet Menus Company, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry View transaction let Journal entry worksheet 1 2 3 4 8 ... 12 Apr. 1) Egert invested $89,000 cash along with office equipment valued at $27,500 in the company Note: Enter debits before credits Account Title Debit Credit Dato Apr 01

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