Helpppo

Grace Labelle opens a web consulting business called Labeille Consulting and completes the following transactions in March, Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements March 1 Labeille invested $162,000 cash along with $22,400 in office equipment in the company in exchange for common stack. March 2 The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3 The company made credit purchases of office equipment for $3,400 and office supplies for $1,600. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $4,400 cash. March 9 The company completed a $7,900 project for a client, who must pay within 3 days March 12 The company paid $5,000 cash to settle the account payable created on March 3. March 19 The company paid 55,400 cash for the premium on a 12 month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts: March 22 The company received $4,700 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $4,300 on credit March 29 company pa : 5,500 cash in dividends. March 30 The company purchased $1,000 of additional office supplies on credit. March 31 The company paid $900 cash for this month's utility bill. General General Income St Retained Impact on Requirement Journal Trial Balance Ledger Statement Balance Shed Earnings Blance Sheet Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. LABELLE CONSULTING Income Statment For Month Ended Mirch 31 Trial Balance St Retained Earnings> Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the retained earnings. LABEILLE CONSULTING Statement of Retained Earnings For Month Ended March 31 Retained earnings. March 1 5.500 Retained earnings March 31 5.500 (5.500) $ (Income Statement Balance Sheet LABEILLE CONSULTING Balance Sheet March 31 Total Liabilities (5,500) The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, stockholifer investments and dividends. Using the dropdown buttons, indicate the impact each transaction hasonu tatal equity (if any). Compare the total with the amount of equity reported on the balance sheet. Show less Impact on Enuity Transaction March 1) Labeille invested 5162,000 cash along with $22.400 in office equipment in the company in exchange for common stock March 2) The company prepaid $6,000 cash for six months rent for an office. The company's policy , is to record prepaid expenses in balance sheet accounts March 3) The company made credit purchases of office equipment for $3,400 and office supplies for $1,600. Payment is due within 10 days March 6) The company completed services for a client and immediately received $4,400 cash March 9) The company completed a $7,900 project for a client, who must pay within 30 days. March 12) The company paid $5,000 cash to settle the account payable created on March 3 March 19) The company paid $5,400 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts Mar. 22) The company received 54,700 cash as partial payment for the work completed on March 9 Mar 25) The company completed work for another dient for $4,300 on credit March 29) The company paid $5,500 cash in dividends March 30) The company purchased $1,000 of additional office supplies on credit March 31) The company paid 5900 cash for this month's utility bill Total impact on equity