Ken Hughes opens a web consulting business called Hughes 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 Hughes invested $219,99 cash along with $24, 30 in office equipment in the company in exchange for common stock. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in Mar. 3 The company made credit purchases of office equipment for $5, and office supplies for $3,500. Payment is due within 10 days 6 The company completed services for client and immediately received 56,300 cash Mar. 9 The company completed a 59,300 project for a client, who must pay within 30 days. Mar. 12 The company paid 38,800 cash to settle the account payable created on March 3. War, 19 The company paid $8.500 cash for the premium on 12 month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $5,900 cash as partial payment for the work completed on March 9 Mar. 35 The company completed work for another client for $6,200 on credit. Mar. 29 The company paid $5,500 cash in dividends. Mar. 30 The company purchased $1,300 of additional office supplies on credit. Mar. 31 The company paid $1,200 cash for this month's utility 511 Mar General General Income St Retained Requirement Trial Balance Impact on Balance Sheet Journal Ledger Statement Earrings Equity Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of Hughes Consulting, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry Show less View transaction is Journal entry worksheet 1 2 6 7 B 12 > Mar 1) Hughes invested 5219,000 cash along with 524,300 in office equipment in the company in exchange for common stock Accountil Creol Mar 01 Prey 24 Next > C Requirement General Journal General Ledger Trial Balance Income Statement Using the dropdown buttons, select the financial statement elements statement. The account balances will automatically populate. HUGHES CONSULTING Income Statement For Month Ended March 31