Kathy Perry opens a web consulting business called Perry 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. Mar. 1 Perry invested $186,000 cash along with $23,200 in office equipment in the company. Mar. 2 The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $4,200 and office supplies for $2,400. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $5,200 cash. Mar. 9 The company completed a $8, 700 project for a client, who must pay within 30 days. Mar. 12 The company paid $6,600 cash to settle the account payable created on March 3. Mar. 19 The company paid $6,300 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for $5,100 on credit. Mar. 29 Perry withdrew $5,500 cash from the company for personal use.. Mar. 30 The company purchased $1,000 of additional office supplies on credit. Mar. 31 The company paid $900 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity General Journal Tab For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. Each journal entry is automatically posted to the General Ledger. General Ledger Tab To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Abnormal balances appear in parentheses. Click on any amount to see the underlying journal entry. from the General ledger alann with its halance either a dohit or a Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Im Balance Sheet E Every journal entry must keep the accounting equation in balance. Prepare the journal entries for ea Perry Consulting, entering the debits before the credits. Each transaction will automatically be pos the Trial Balance as soon as you click "Record Entry". View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 12 > Mar. 1) Perry invested $186,000 cash along with $23,200 in office equipment in the company. Note: Enter debits before credits. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the incor statement. The account balances will automatically populate. Perry Consulting Income Statement For Month Ended March 31, 2019 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the Item that accurately describes the values that either increase or decrease owner's capital balance. Perry Consulting Statement of Owner's Equity For Month Ended March 31, 2019 es K. Perry, Capital, March 1, 2019 K. Perry, Capital, March 31, 2019 0 sheet. The account balances will automatically populate. Perry Consulting Balance Sheet March 31, 2019 Transaction Mar. 1) Perry invested $186,000 cash along with $23,200 in office equipment in the company. Mar. 2) The company prepaid $6,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3) The company made credit purchases of office equipment for $4,200 and office supplies for $2,400. Payment is due within 10 days. Mar. 6) The company completed services for a client and immediately received $5,200 cash. Mar. 9) The company completed a $8,700 project for a client, who must pay within 30 days. Mar. 12) The company paid $6,600 cash to settle the account payable created on March 3. Mar. 19) The company paid $6,300 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22) The company received $5,200 cash as partial payment for the work completed on March 9. Mar, 25) The company completed work for another client for $5,100 on credit. Mar. 29) Perry withdrew $5,500 cash from the company for personal use. Mar. 30) The company purchased $1,000 of additional office supplies on credit Mar 31) The company paid $900 cash for this month's utility bill. Total impact on equity Impact on Equity No change in equity Increased equity - Revenue Increased equity Owner Investment Decreased equity - Expense