January 2017 Transactions 1/5/17 Purchased $8, 100 in new equipment and paid in cash 1/7/17 Purchased $1, 450 in fuel on account (fuel is expensed) 1/13/17 Paid employee wages of $12, 400 for the month of January 1/15/17 Billed customers $27, 500 for a remodel wiring project 1/21/17 Paid $2,000 for January rent on their land 1/24/17 Paid $1, 460 for a repair on their work van 1/27/17 Received $13, 800 from customers for January electrical wiring services (not on account) 1/29/17 Paid $2, 700 on their accounts payable bill 1/31/17 paid $1, 850 for an employee holiday party 1/31/17 Paid $1, 850 for an employee holiday party 1/31/17 Received $20, 700 from customers that were billed on account 1/31/17 Paid a dividend of $4, 500 to their owner 1/31/17 Paid $1, 900 in principal and $190 in interest on their Note Payable to the bank Prepare Journal Entries for the transactions Prepare Balance Sheet as of 1/31/17 Prepare Income Statement for January 2017 Prepare statement of shareholders' Equity for January 17