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enerated based on the journal entries recorded. The financial statements are automatically g Jan. 1 Edvard Lee, owner, invested $106,750 cash in the company. Jan.

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enerated based on the journal entries recorded. The financial statements are automatically g Jan. 1 Edvard Lee, owner, invested $106,750 cash in the company. Jan. 2 The company purchased office supplies for $1,450 cash. Jan. 3 The company purchased $14,050 of office equipment on credit. company received $15,900 cash as fees for services provided to a customer. company paid $14,050 cash to ettle the payable for the office equipment purchased on January 3. Jan. 4 The Jan. 6 The company billed a customer $2,900 as fees for services provided Jan. 7 The company paid $1,425 cash for the monthly rent Jan. 8 The company collected $1,27 Jan. 9 Edward Lee withdrew $10,200 cash from the company for personal use 5 cash as partial payment for the account receivable created on January 6. General Geere Thai Balance statementq St Owners Balance Sheet t Equity Requirement Journal FS Impact Ledger The financial statements report the cumulative impact of all transactions recorded as of the financial ulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for yout Show less Total Liabilities Net Income Total Assets Total Equity Where can you go to find each of your answers? Balance sheet Balance sheet Balance sheet statementB Jan.-1 - Edward Lee, owner, invested $106,750 cash in the company 0 106,750 106,750 106,750 0 S106,750$ Jan, 2. The company purchasedofice suplies tor 106,750 $1.450 cash. Jan. 3- The company purchased $14.050 of office equipment on credt Jan. 4 The company received $15,900 cash as fees 120,800 14,050

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