Mike Sweet opens a web consulting business called Sweet 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. 1 Sweet invested $207,000 cash along with $23,900 in office equipment in the company in exchange for common stock. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. 3 The company made credit purchases of office equipment for $4,900 and office supplies for $3,100. Payment is due within 10 days. 6 The company completed services for a client and immediately received $5,900 cash ecompany comp Mar. Mar. Mar. Mar. days pro ettle the o must pay w 12 The $8,000 on March pany The Mar. 19 paid $7,700 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 $5,600 cash as partial payment for the work completed on March 9 25 The company completed work for another client for $5,800 on credit 29 The company paid $5,400 cash in dividends. 30 The company purchased $900 of additional office supplies on credit Mar. 31 The company paid $800 cash for this month's utility bill Mar. Mar. Mar. St Retained Earnings General General Impact on Equity Income Requirement Trial Balance Balance Sheet Journal Ledger Statement Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of Sweet 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