ON Marybeth Carlberg opens a web consulting business called Med Billing and completes the following transactions in its first month of operations. 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 Apr.1 Carlberg invested $95,000 cash along with office equipment valued at $28,500 in the company, Apr. 2. The company prepaid $12,000 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $8.500 in office equipment and $4,100 in office supplies. Payment is due within 10 days. Apr 6 The company completed services for a client and immediately received $5,500 cash. Apr. The company conpleted a 58,500 project for a client, who must pay within 30 days. Apr. 13 The company paid $12,600 cash to settle the account payable created on April 3. Apr. 15 The company paid $3,600 cash for the prentun on 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts: Apr. 22 The company received $5,100 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for 54,400 on credit. Apr. 28 Carlbero withdrew $6,000 cash from the company for personal use. Aor. 29 The company purchased $1,100 of additional office supplies on credit. Apr. 30 The company paid $1,300 cash for this month's utility bill. onces Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet The balance sheet is the accounting equation: Assets = Liabilities - Equity. Each asset and liability account is reported separately on the balance sheet. Equity includes the ending capital balance from the Statement of Owner's Equity Med Billing Company Balance Sheet