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. March 1 Perry invested $186,000 cash along with $23,200 in office equipment in the company. March 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. March 3 The company made credit purchases of office equipment for $4,200 and office supplies for $2,400. Payment is due within 10 days. March 6 The company completed services for a client and immediately received $5,200 cash. March 9 The company completed a $8,700 project on credit for a client, who must pay within 30 days. March 12 The company paid $6,600 cash to settle the account payable created on March 3. March 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. March 22 The company received $5,200 cash as partial payment for the work completed on March 9.1 March 25 The company completed work for another client for $5,100 on credit. March 29 Perry withdrew $5,500 cash from the company for personal use. March 30 The company purchased $1,000 of additional office supplies on credit. March 31 The company paid $900 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement Statement Owners Equity Balance Sheet Impact on Equity