Jane Stam opens a web consulting business called Stam 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 Stan invested $201.800 cash along with $23,700 in office equipment in the company March 2 The company prepaid $8,000 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 $4,700 and office supplies for $2,900. Payment is due within 10 days. March 6 The company completed services for client and immediately received 55,700 cash. March 9 The company completed a $9,200 project on credit for a client, who must pay within 30 days. March 12 The company paid $7,600 cash to settle the account payable created on March 3. March 19 The company paid $7,300 cash for the premiun on a 12-month Insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22 The company received 55,500 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for 55,600 on credit. March 29 Stan withdrew 55,200 cash froe the company for personal use. March 30 The company purchased $700 of additional office supplies on credit, March 31 The company paid $600 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement Statement Balance Sheet Owners Equity Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on statement. The account balances will automatically populate. Sting Income Statemen For Month Ende March 11 Liabilities Services revenue Utilities expense Total 20,500 600 GA 21,100 GA 21,100