GLO202 (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 $12,850 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). Answer is not complete. Requirement General Journal 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 abilities, 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! Show less Transaction Not Income Total Assets Total Liabilities Balance sheet Income statement Balance sheet Total Equity Balance sheet $ 0 $ 175,750 $ 0 S 175,750 0 175,750 0 175.750 0 12,050 20,500 Where can you go to find each of your answers? January 1 - M. Duerr owner, invested 5175,750 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 Jan 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 513 900 cash in dividends to the owner sole shareholder)