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journal entry ,income statement, statement owners equity, balance sheet Prepare journal entries for each transaction and identify the financial statement impact of each entry. The
journal entry ,income statement, statement owners equity, balance sheet
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. January 1 Paul Brown, owner, invested $103,750 cash in the company. January 2 The company purchased office supplies for $1,350 cash. January 3 The company purchased $12,050 of office equipment on eredit. January 4 The company received $15,700 cash as fees for services provided to a customer. January 5 The company paid $12,050 cash to settle the payable for the office equipment purchased on January 3. January 6 The company b111ed a customer $2,800 as fees for services provided. January 7 The company paid $1,325 cash for the monthly rent. January of The cospany collected $1,200 cash as partial payment for the account recelvable created on January 6 January 9 Paul Broin withdrew $10,100 cash from the company for personal use Step by Step Solution
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