help please, explain in an organized way thank you I WILL RATE

This problem is based on the transactions for the Kind Matters Company in your text. Prepare journal entries for each transaction and identify the finaneial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded, December 1 On December 1, Jin Kennedy forms a connulting business, named Kind Matters. Kind Katters receives 542,000 cash fron Jin Kennody in exchange for common stock. December 2 Kind Matters pays $3,100 cash for supp 1 ies. The corpany's policy is to record all prepaid expenses in asset accounts. December 3 Xind Matters pays 536,000 eash tor equipment. Decenber 4 xind Matters parebasen $8,050 of supplies on eredit fron a supplier, CalTech supply. Decesber 5 Kind Matters prevides consulting services and inmediately collects $4,800 cash. December 6 Kind Matters pays $1,600 eash for December rent. Decenber 7 Kind Matters pays $1,300 cash for empleyee salary. Decenber 7 Kind Matters pays $1,300 cash for employee salary. bllied $3,100 for these services. Decenber 9 kind Matters receives $3,100 eagh from the elient bil1ed on Decenber 8. Decenber 9 Kind Matters receives $3,100 eaph from the dient billed on Decenber 8, peochber 4 s8,050 purehase of supplies. December 11 Kind Katters pays $800 cash for dividends. December 12 . Find Matters receives $3,600 cash in advance of providing consulting services to a custemer. The conpany'a policy is to record tees colleeted in advance in a balance sheet account, December 13 Kind Katters pays $3,000 cash (insurance premium) for a 24-month innurance policy. Coverage begins on December 1. The company" policy is to record all prepaid expenses in a balance sheet aceount. December 14 Kind Matters pays $720 eash for supplies. December 15 Kind Matters pays $905 cash for December utilitien expense. December 16 kind Matters pays $1,000 canh in nospleyee salary for work performed in the latter part of December. Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Journal entry worksheet 3 5 6 7 8 On December 1, Jim Kennedy forms a consulting business, named Kind Matters. Kind Matters receives $42,000 cash from Jim Kennedy in exchange for common stock. Note: Enter debits before credits. Journal entry worksheet 4 5 6 7 8 16 On December 2, Kind Matters pays $3,100 cash for supplies. The company's policy is to record all prepaid expenses in Asset accounts. Note: Enter debits before credits. Journal entry worksheet 45678 On December 3, Kind Matters pays $38,000 cash for equipment. Note: Enter debits before credits. Journal entry worksheet 67816 On December 4 , Kind Matters purchases $8,050 of supplies on credit from a supplier, CaITech Supply. Note: Enter debits before credits. Journal entry worksheet 7816 On December 5 , Kind Matters provides consulting services and immediately collects $4,800 cash. Note: Enter debits before credits. Journal entry worksheet (1) 234 8 On December 6, Kind Matters pays $1,600 cash for December rent. Note: Enter debits before credits. Journal entry worksheet 248458 On December 7, Kind Matters pays $1,300 cash for employee salary. Note: Enter debits before credits. Journal entry worksheet On December 8 , Kind Matters provides consulting services of $2,200 and rents its test facilities for $900. The customer is billed $3,100 for these services. Note: Enter debits before credits. Journal entry worksheet On December 9, Kind Matters receives $3,100 cash from the client billed on December 8 . Note: Enter debits before credits. Journal entry worksheet (1) ne 15 16 On December 10, Kind Matters pays CalTech Supply $1,500 cash as partial payment for its $8,050 purchase of supplies (December 4 ). Note: Enter debits before credits. Journal entry worksheet (1) 13 14 On December 11 , Kind Matters pays $800 cash for dividends. Note: Enter debits before credits. Journal entry worksheet (1) ,9 13 15 16 On December 12 , Kind Matters receives $3,600 cash in advance of providing consulting services to a customer. The company's policy is to record fees collected in advance in a balance sheet account. Note: Enter debits before credits. Journal entry worksheet (1) ,9 On December 13, Kind Matters pays $3,000 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1 . The company's policy is to record all prepaid expenses in a balance sheet account. Note; Enter debits before credits. Journal entry worksheet (1) ,910111213 On December 14, Kind Matters pays $720 cash for supplies. Note: Enter debits before credits. Journal entry worksheet On December 15, Kind Matters pays $905 cash for December utilities expense. Note: Enter debits before credits. Journal entry worksheet (1) ,912,13 On December 16, Kind Matters pays $1,000 cash in employee salary for work performed in the latter part of December. Note: Enter debits before credits. December 12 Kind Matters receives $3,600 cash in advance of providing consulting services to a customer. The companj policy is to record fees collected in advance in a balance sheet account. December 13 Kind Mattera pays $3,000 cash (insurance premium) for a 24-month insurance policy, Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. December 14 Kind Matters pays $720 cash for supplies. December 15 Kind Matters pays $905 cash for December utilities expense. December 16 Kind Matters pays $1,000 cash in employee salary for work performed in the latter part of December. Each journal entry is posted automatically to the general ledger. Think of the general ledger as sorting all of your journal entries by accouht title. Click on any of the individual amounts to return to the underlying journal entry. December 15 Kind Matters pays $905 cash for December utilities expense. becember 16 kind Matters pays $1,000 cash in employee salary for work performed in the latter part of December. The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. An income statement reports the changes in equity attributable to the operation of the business during a specific time period. Revenues increase equity, and expenses decrease equity. December 11 Kind Matters pays $800 cash for dividends. December 12 Kind Natters receives $3,600 cash in advance of providing consulting services to a customer. The compa policy is to record fees collected in advance in a balance sheet account. December 13 Kind Matters pays $3,000 cash (insurance premium) for a 24month insurance policy. Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. Decenber 14 Kind Matters pays $720 cash for Bupplies. Decenber 15 Kind Matters pays $905 cash for December utilities expense. December 16 Kind Matters pays $1,000 cash in employee salary for work performed in the latter part of December. Review the statement of retained earnings and indicate how the statenkent is linked to the other financial statements. 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 answers by selecting the date on the trial balance tab.) The first 3 transactions are completed for you