GL0202 (No Analysis Tab) - Based on Exercise 2-9 LO A1 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. Jan. 1 Hao Lee, owner, invested $130, 750 cash in the company. Jan. 2 The company purchased office supplies for $2,250 cash. Jan. 3 The company purchased $14,050 of office equipment on credit. Jan. 4 The company received $17,500 cash as fees for services provided to a customer. Jan. 5 The company paid $14,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $3,700 as fees for services provided. Jan. 7 The company paid $2,225 cash for the monthly rent. Jan. 8 The company collected $1,875 cash as partial payment for the account receivable created on January 6.1 Jan. 9 Hao Lee withdrew $11,000 cash from the company for personal use. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet General Journal Tab - For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. General Ledger Tab One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance Tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Income Statement Tab -The revenue and expense balances from the trial balance appear on the income statement, along with their balance as of the date selected. Review the income statement and indicate how the income statement is linked to the other financial statements. Statement of Owner's Equity Tab - Owner investments and withdrawals, as reported on the trial balance, appear on the statement of owner's equity. Review the statement of owner's equity and indicate how the statement of owner's equity is linked to the other financial statements.