HELP! I only need Impact on Equity ( No change in equity, Increased equity -Revenue, Increased equity - Owner Investments, Decreaded equity - Expense, Decreased equity - Owner withdrawal)

On October 1, 2021, Mike Arnold launched a computer services company called Arnold Computing, which provides consulting services, computer system installations, and custom program development . Arnold adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2021. Using the following transactions, record Journal entries, create financial statements, and assess the impact of each transaction on the financial statements. October 1 M. Arnold invested $102,000 cash, a $21,968 computer system, and $14,000 of office equipment in the company. October 2 The company paid $4,800 cash for four months' rent. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 3 The company purchased $2,400 of computer supplies on credit from Potter Office Products. October 5 The company paid $2,400 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) October 6 The company billed Clark Leasing $6,700 for services performed in installing a new web server. October 8 The company paid $2,400 cash for the computer supplies purchased from Potter office Products on October 3. October 10 The company hired Ronnie Arnold as a part-time assistant. October 12 The company billed Clark Leasing another $5,200 for services performed. October 15 The company received $6,700 cash from Clark Leasing as partial payment on its account. October 17 The company paid $1,400 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $2,300 cash for advertisements published in the local newspaper. October 22 The company received $5,200 cash from Clark Leasing on its account. October 28 The company billed ABC Company $5,888 for services performed. October 31 The company paid $1,050 cash for Ronnie Arnold's wages for seven days' work. October 31 M. Arnold withdrew $8,000 cash from the company for personal use. November 1 The company reimbursed M. Arnold in cash for business automobile mileage allowance (Arnold logged 1,000 miles at $8.32 per mile). November 2 The company received $5,200 cash from Hughes Corporation for computer services performed. November 5 The company purchased computer supplies for $1,980 cash from Potter Office Products. November 13 The company agreed to perform future services for Green Engineering Company. No work has yet been perforned. November 18 The company received $3,500 cash fron ABC Company as partial payment of the October 28 bill. November 22 The company paid 5600 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $600. November 24 The company completed work for Green Engineering Company and sent it a bill for $6,000. November 25 The company sent another bill to ABC Company for the past-due amount of $2,300. November 28 The company reimbursed M. Arnold in cash for business automobile mileage (1,200 sites at $0.32 per mile). November 30 The company paid $2,100 cash for Ronnie Arnold's wages for 14 days' work. November 30 M. Arnold withdrew $3,300 cash from the conpany for personal use. Requirement General Journal General Ledger Trial Balance Income Statement Statement Balance Sheet Owners Equity Impact on Equity Tri 11 SH ht General General Income Statement Impact on Requirement Trial Balance Balance Sheet Journal Ledger Statement Owners Equity Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Owner Investments and Owner withdrawals. 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 137,900 40 0 0 Transaction Impact on Equity October 1) M. Arnold invested $102,000 cash, a $21,900 computer system, and $14,000 of office equipment in the Increased equity - Owner investment $ company October 2) The company paid $4,800 cash for four months' rent. (The company's policy is to record prepaid expenses in Decreased equity - Exponse balance sheet accounts.) October 3) The company purchased $2,400 of computer supplies on credit from Potter Office Products Increased equity. Revenue October 5) The company paid $2,400 cash for one year's premium on a property and liability insurance policy, (The company's policy is to record prepaid expenses in balance Increased equity - Owner Investment shoot accounts.) October 6) The company billed Clark Leasing $6,700 for services performed in installing a new web server No change in equity October 8) The company paid $2,400 cash for the computer supplies purchased from Potter Office Products on October 3. Decreased equity. Exponse October 10) The company hired Ronnie Arnold as a part-time increased equity - Revenue assistant October 12) The company billed Clark Leasing another Increased equity - Owner investment $5,200 for services performed October 15) The company received $6,700 cash from Clark Leaning as partial payment on its account. October 17) The company paid $1,400 cash to repair computer equipment that was damaged when moving it October 20) The company paid $2,300 cash for advertisements published in the local newspaper October 22) The company recolved $5,200 cash from Clark Leasing on its account. 0 0 0 5,200 Drau Next + October 28) The company billed ABC Company $5,800 for services performed October 31) The company paid $1,050 cash for Ronnie Arnold's wages for seven days' work, October 31) M. Amold withdrew $8,000 cash from the company for personal use. November 1) The company reimbursed M. Arnold in cash for business automobile mileage allowance (Arnold logged 1,000 miles at $0.32 per mile) November 2) The company received $5,200 cash from Hughes Corporation for computer services performed November 5) The company purchased computer supplies for $1,900 cash from Potter Office Products November 8) The company billed Porter Company $2,300 for services performed November 13) The company agreed to perform future services for Green Engineering Company No work has yet been performed November 18) The company received $3,500 cash from ABC Company as partial payment of the October 28 bill. November 22) The company paid $600 cash for miscellaneous expenses. Hint Debit Miscellaneous Expense for $600 November 24) The company completed work for Green Engineering Company and sentit a bill for $6,000 November 25) The company sent another bill to ABC Company for the past due amount of $2,300. November 28) The company reimbursed M. Arnold in cash for business automobile mileage (1,200 miles at $0.32 per mile) November 30) The company paid $2,100 cash for Ronnie Arnold's wages for 14 days' work. November 30) M. Amold withdrew $3,300 cash from the company for personal use. Total impact on equity $ 143,100