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General Ledger Auto Swan 1 bon Laura Peicher opens a web consulting business caled Pelcher Cost and completes the following transactions in March Using the following transactions, recordjournal entries, create nel teneats, and assess the impact of eachtraction on the tranciat sements March 1 Price vested $210, cath ators with $24,000 an office cent to the corn March? The compared 36.000 cash for the content for anotice. The corn' ty to record presa expenses in talance sheet accounts March The company de crest porche ce coupon for 15. ane tors.100 tis due within 10 dors: March 6 The completed services for a cliente del rev.com March The compony completes 39.500 project credit for a client who pay wit 3 days March 12 The compad 8.20 h to settle the sunt alte created in art. March 19 The company and cash for the prente 12-timurance policy. The company's policy is to care prepaid in balance sheet scoot. W March 22 The can received 15.700 cash as partial art for the work complete set March 25 The company complete work for another client for 15.90 Credit March 20 Pelcher Wit S5,500 chfron the company for personal use March 20 The company purchased 11,000 of stonloftice on credit March The company Did 500 cash for the th's utility bitt I www Rent General General Statement Trus Journal Lader Sutonet Owen fully General Journal Tab. For each transaction, prepare the only on the General Surnal Ust debit before credits to journal entry is automatically posted to the Genel Ledger General Ledger Tab. To set the data of all transactions that affects account, or the balance in antara specific point in time, click on the General Ledger ab. Anomal balance app in parte click on any amount to see the underlying oumal entry Trial Balance Tab A trut balance lists each court from the General Ledger song with stance, either a debitor credit total dents should always equal total create. If your trial balance des balance, review your jurnal entre on the oneral joumalta Income Statement Tab - Using the croptown button at the ancial statement elements and accesso te induded on the income Matment. The account balances wil utomatically populate Statement of Owner's Equity Tab. Using the cropdown bystans, select the item that accurately describes the either intre or decrease the owner's capital blanco Balance Sheet Tab Using the dropdown button, select the financial Montements and contesto e included on the balance sheet. The account balances will automatically cute Impact on Equity Tab Using the dropdown buttons, indicate the impact each has on total quty. Compare the total with the amount of culty reported on the balance sheet Geraldome > While the balance sheet reports the detail of Individual assets and abilities, accounting equation shows the four subsets of equity: Revenues, Expenses, Owner Investments and Owner withdrawals. U the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with amount of equity reported on the balance sheet. ped Show les $ 234.000 ok (6,000) nt 8,200 6,000 ences 9,500 (8,200) Transaction Impact on Equity March 1) Pelcher invested $210,000 cash along with $24.000 increased equity - Owner investment in office equipment in the company March 2) The company prepaid $6,000 cash for six months rent for an office. The company's policy is to record prepaid Decreased equity - Expense expenses in balance sheet accounts. March 3) The company made credit purchases of office equipment for $5,000 and office supplies for $3,200. Payment Increased equity - Revenue is due within 10 days March 6) The company completed services for a client and Increased equity - Revenue immediately received $6.000 cash. March 9) The company completed a $9,500 project on credit for a client, who must pay within 30 days. Increased equity - Revenue March 12) The company paid $8,200 cash to settle the Decreased equity - Expense account payable created on March 3, March 19) The company paid $7.900 cash for the premium on a 12- month insurance policy. The company's policy is to Decreased equity - Expense record prepaid expenses in balance sheet accounts March 22) The company received $5.700 cash as partial payment for the work completed on March 9 Increased equity. Revenue March 25) The company completed work for another client Increased equity - Revenue for $5.900 on credit March 29) Polcher withdrew $5,500 cash from the company Decreased equity - Owner withdrawal for personal use March 30) The company purchased $1,000 of additional Decreased equity - Expense office supplies on credit March 31) The company paid $900 cash for this month's utility bill Decreased equity - Expense Total impact on equity What is the balance in the owner's capital account as reported on the balance sheet? (7,900) 5,700 5,900 (5,500) (1,000) (900) 239,800 $ al Ledger Assignment #1 Saved March 1 Pelcher invested $210,000 cash along with $24,000 in office equipment in the company. March 2 The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to expenses in balance sheet accounts. March 3 The company made credit purchases of office equipment for $5,000 and office supplies for $3,200 due within 10 days. March 6 The company completed services for a client and immediately received $6,000 cash. March 9 The company completed a $9,500 project on credit for a client, who must pay within 30 days. March 12 The company paid $8,200 cash to settle the account payable created on March 3. March 19 The company paid $7,990 cash for the premium on a 12-month insurance policy. The company's poli prepaid expenses in balance sheet accounts. March 22 The company received $5,700 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $5,900 on credit. March 29 Pelcher withdrew $5,500 cash from the company for personal use. 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. ped Pok nt General General Income Requirement Statement Impact on Trial Balance Balance Sheet Journal Ledger Statement Owners Equity Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. ences Pelcher Consulting Statement of Owner's Equity For Month Ended March 31 L. Pelcher. Capital, March 1 Add: Owner investments s 234,000 20.500 Add: Net income 254,500 254,500 Less: Owner withdrawals 5,500 5,500 249,000 L. Pelcher, Capital, March 31 $