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Januaryine company paid $14,000 cash to settle the payaoi or the equipment purchased on January 3. January 6 The company billed a customer $3,300
Januaryine company paid $14,000 cash to settle the payaoi or the equipment purchased on January 3. January 6 The company billed a customer $3,300 for services provided. January 7 The company paid $1,825 cash for the monthly rent. January 8 The company collected $1,575 cash as partial payment for the account receivable created on January 6. January 9 The company paid $10,600 cash in dividends to the owner (sole shareholder). Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reporte financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the trial balance tab.) The first 2 transactions are completed for you! ces Transaction: Where can you go to find each of your answers? January 1-S. Walker, owner, invested $118,750 cash in the company in exchange for common stock. January 2-The company purchased supplies for $1,850 cash. January 3-The company purchased $14,050 of equipment on credit. January 4-The company received $16,700 cash for services provided to a customer. January 5-The company paid $14,050 cash to settle the payable for the equipment purchased on January 3, January 6-The company billed a customer $3,300 for services provided Jan. 7-The company paid $1,825 cash for the monthly rent January 8-The company collected $1,575 cash as partial payment for the account receivable created on January 6. January 9-The company paid $10,600 cash in dividends to the owner (sole shareholder) Net Income Income statement Total Assets Total Liabilities Balance sheet Total Equity Balance sheet $ 0 $ 118,750 $ 0 $ 118,750 0 118,750 0 118,750 0 14,050 118,750 16,700 14,050 16,700
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