Ivan Kuhl opens a web consulting business called Photo Sense and completes the following transactions in its first month of operations. 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.

April 1	Kuhl invested $101,000 cash along with office equipment valued at $29,500 in the company in exchange for common stock.
April 2	The company prepaid $13,200 cash for 12 months' rent for office space. The company's policy is to record prepaid expenses in balance sheet accounts.
April 3	The company made credit purchases for $8,700 in office equipment and $4,300 in office supplies. Payment is due within 10 days.
April 6	The company completed services for a client and immediately received $6,100 cash.
April 9	The company completed a $9,500 project for a client, who must pay within 30 days.
April 13	The company paid $13,000 cash to settle the account payable created on April 3.
April 19	The company paid $4,080 cash for the premium on a 12-month prepaid insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.
April 22	The company received $5,700 cash as partial payment for the work completed on April 9.
April 25	The company completed work for another client for $4,600 on credit.
April 28	The company paid $6,200 cash in dividends.
April 29	The company purchased $1,300 of additional office supplies on credit.
April 30	The company paid $1,700 cash for this months utility bill.