Jim Carey opens a web consulting business called Carey 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 Carey invested $225,000 cash along with $24,500 in office equipment in the company in exchange for common stock. 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 $5,500 and office supplies for $3,700. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $6,500 cash. March 9 The company completed a $10,000 project for a client, who must pay within 30 days. March 12 The company paid $9,200 cash to settle the account payable created on March 3. March 19 The company paid $8,900 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. March 22 The company received $6,000 cash as partial payment for the work completed on March 9. March 25 The company completed work for another client for $6,400 on credit. March 29 The company paid $5,200 cash in dividends. 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 St Retained Earnings Balance Sheet Impact on Equity