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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. Jan. 1 Maria Gonzalez, owner, invested $112,750 cash in the conpany. Jan. 2 The company purchased office supplies for $1,650 cash. Jan. 3 The company purchased $10,050 of office equipment on credit. Jan. 4 The company received $16,300 cash as fees for services provided to a customer. Jan. 5 The company paid $10,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $3,100 as fees for services provided. Jan. 7 The company paid $1,625 cash for the monthly rent. jan. B The company collected $1,425 cash as partial payment for the account receivable created on January 6. Jan. 9 Maria Gonzalez withdrew $10,400 cash from the company for personal use. General Journal Tab - For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. General Ledger Tab - One of the advantages of general ledger software is that posting is done outomaticolly. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance Tab - General ledger software also automates the preparation of trial balances, A trial baiance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total. Journal entry worksheet January 1 - Maria Gonzalez, owner, Invested $112,750 cash in the company. Note: Enter debits before credits. och journal entry is posted automatically to the general ledger. Think of the general ledger as sorting all of your journal intries by account title. Click on any of the individual amounts to return to the underiying fournal entry, Goneral Ledgir Account Data is not syailable until joumal ontries have been entered The trial balance is a listing of all account balences from the General Ledger as of a specfic date. Click on any Individuat account balance to return to the General Ledger. The trial balance Is onty as accurate as the underiying journial entries. If the total debits do not equal the total credits, you must 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 fournal entries that affected that account to ensure that the journal entries are correct. Show lens A An income statement reports the changes in equity attributable to the operation of the business during a specif Revenues increase equity, and expenses decrease equity. There are four subsets of equity: Investments by owners, withdrawals by owners, revenues and expenses. All four subsets are compiled in the Capital account at the end of the period. The ending capital balance is transferred to the equity section of the balance sheet. The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and fiability account is reported separately on the balance sheet. Equity includes the ending capital balance from the Statement of Owner's Equity. 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. Jan. 1 Maria Gonzalez, owner, invested $112,750 cash in the conpany. Jan. 2 The company purchased office supplies for $1,650 cash. Jan. 3 The company purchased $10,050 of office equipment on credit. Jan. 4 The company received $16,300 cash as fees for services provided to a customer. Jan. 5 The company paid $10,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $3,100 as fees for services provided. Jan. 7 The company paid $1,625 cash for the monthly rent. jan. B The company collected $1,425 cash as partial payment for the account receivable created on January 6. Jan. 9 Maria Gonzalez withdrew $10,400 cash from the company for personal use. General Journal Tab - For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. General Ledger Tab - One of the advantages of general ledger software is that posting is done outomaticolly. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance Tab - General ledger software also automates the preparation of trial balances, A trial baiance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total. Journal entry worksheet January 1 - Maria Gonzalez, owner, Invested $112,750 cash in the company. Note: Enter debits before credits. och journal entry is posted automatically to the general ledger. Think of the general ledger as sorting all of your journal intries by account title. Click on any of the individual amounts to return to the underiying fournal entry, Goneral Ledgir Account Data is not syailable until joumal ontries have been entered The trial balance is a listing of all account balences from the General Ledger as of a specfic date. Click on any Individuat account balance to return to the General Ledger. The trial balance Is onty as accurate as the underiying journial entries. If the total debits do not equal the total credits, you must 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 fournal entries that affected that account to ensure that the journal entries are correct. Show lens A An income statement reports the changes in equity attributable to the operation of the business during a specif Revenues increase equity, and expenses decrease equity. There are four subsets of equity: Investments by owners, withdrawals by owners, revenues and expenses. All four subsets are compiled in the Capital account at the end of the period. The ending capital balance is transferred to the equity section of the balance sheet. The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and fiability account is reported separately on the balance sheet. Equity includes the ending capital balance from the Statement of Owner's Equity