Jane Stam opens a web consulting business called Stam Consulting 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 Ston invested $131,000 cash along with office equipnent valued at $34,500 in the company. April 2 The company prepaid $19,200 cash for 12 month' rent for office space. The coopany's policy is record prepald expenses in balance sheet accounts. April 3 The company made credit purchases for $9,700 in office equipment and $5,300 in office supplies. Payment is due within 10 days. April 6 . The company completed services for a client and imaediately received $9,100 cash. April 9 The company completed a $14,500 project for a client, who must pay within 30 days. Apri1 13 The company paid $15,000 cash to settle the account payable created on April 3 . April 19 The company paid $6,480 cash for the presiun on a 12 -month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. April 22 The company received $8,700 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $5,600 on credit. April 28 Stam withdrew $5,609 cash froe the company for personal use. April 29 The company purchased \$2, 300 of additional office supplies on credit. April 30 The company paid 32,100 cash for this month's utility bill