GL0202 (Algo) - Based on Exercise 2-13 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. January 1 M. Duerr, owner, invested $175,750 cash in the company in exchange for common stock. January 2 The company purchased supplies for $3,750 cash. January 3 The company purchased $12,050 of equipment on credit. January 4 The company received $20,500 cash for services provided to a customer. January 5 The company paid $12,050 cash to settle the payable for the equipment purchased on January 3. January 6 The company billed a customer $5,200 for services provided. January 7 The company paid $3,725 cash for the monthly rent. January 8 The company collected $3,000 cash as partial payment for the account receivable created on January 6. January 9 The company paid $13,900 cash in dividends to the owner (sole shareholder). General Requirement Journal Answer is complete but not entirely correct. General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative 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 t trial balance tab.) The first 2 transactions are completed for you! Show les Transaction: Where can you go to find each of your answers? January 1-M. Duerr, owner, invested $175,750 cash in the company in exchange for common Net Income Income statement Total Assets Balance sheet Total Liabilities Balance sheet Total Equity Balance sheet 0 $ 175.750 0 $ 175,750 The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative 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 you! Transaction: Where can you go to find each of your answers? January 1-M. Duerr, owner, invested $175,750 cash in the company in exchange for common stock January 2-The company purchased supplies for $3,750 cash. Net Income Total Assets Income statement Balance Total Liabilities Balance Total Equity sheet sheet Balance sheet $ $ 175,750 $ 0 S 175,750 0 175,750 0 175,750 January 3-The company purchased $12,050 of equipment on credit. 00 187.800 12.050 175,750 January 4-The company received $20.500 cash for 20,500 208,300 12,050 196,250 ( services provided to a customer January 5-The company paid $12,050 cash to settle the payable for the equipment purchased on January 3.1 20,500 190,250 00 196,250 January 6-The company billed a customer $5,200 for services provided. 25.700 221.950 221,950 Jan. 7-The company paid $3,725 cash for the monthly rent 21.075 218.225 00 218,225 January 8-The company collected $3,000 cash as partial payment for the account receivable created 21.075 218,225 00 218,225 on January 8. January 9-The company paid $13.900 cash in 21,975 204,325 00 204,325 dividends to the owner (sole shareholder). Please verify that each of your final amounts agrees with the financial statements as of, or for the month ended, January 31. Show less A