GLO207 (Static). Based on Problem 2-4A HV Consulting LO A1, P1 Business transactions completed by Hannah Venedict during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Sep. 1 Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting. Sep. 3 The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000. Sep. 5 The company purchased $2,000 of office supplies on credit. Sep. 7 Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,500. Sep. 9 The company purchased $5,600 of additional office equipment on credit. Sep. 11 The company paid $1,800 cash salary to an assistant. Sep. 13 The company provided services to a client and collected $8,000 cash. Sep. 15 The company paid $635 cash for this month's utilities. Sep. 17 The company paid $2,000 cash to settle account payable created on September 5. Sep. 19 The company purchased $20,300 of new office equipment by paying $20,300 cash. Sep. 21 The company completed $6,250 of services for a client on credit, who must pay within 30 days. Sep. 23 The company paid $1,800 cash salary to an assistant. Sep. 25 The company received $4,000 cash in partial payment on the receivable created on September 21. Sep. 27 The company paid $2,800 cash in dividends. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, stockholder investments and dividends. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Show less Impact on Equity $ 0 0 No change in equity Increased equity - Revenue Increased equity - Stockholder investment Decreased equity - Expense Decreased equity - Dividends Transaction Sept. 1) Venedict invested 560,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting Sept. 3) The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000. Sept. 5) The company purchased $2,000 of office supplies on credit Sept. 7) Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,500 Sept. 9) The company purchased 55,600 of additional office equipment on credit Sept. 11) The company paid $1,800 cash salary to an assistant Sept. 13) The company provided services to a client and collected $8,000 cash. Sept. 15) The company paid S635 cash for this month's utilities. Sept. 17) The company paid $2,000 cash to settle the account payable created on September 5. Sept. 19) The company purchased $20,300 of new office equipment by paying $20,300 cash. Sept. 21) The company completed $6,250 of services for a client on credit, who must pay within 30 days. Sept. 23) The company paid $1,800 cash salary to an assistant Sept. 25) The company received $4.000 cash in partial payment on the receivable created on September 21. Sept. 27) The company paid $2,800 cash in dividends. Total impact on equity $ 0