On October 1, 2017, Ronnie Walsh launched a computer services company called Mobility Solutions, which provides consulting services, computer system installations, and custom program development. Walsh adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2017. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. Oct. 1 R. Walsh invested $111,000 cash, a $22,200 computer system, and $12,000 of office equipment in the company. Oct. 2 The company paid $3,600 cash for four months' rent. (The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. 3 The company purchased $3,000 of computer supplies on credit from Marshall Office Products. Oct. 5 The company paid $3,000 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. 6 The company billed Sanchez Leasing $7,6 Led Sanchez Leasing $7,000 for services performed in installing a new web server. Oct. 8 The company paid $3,000 cash for the computer supplies purchased from Marshall Office Products on October 3. Oct. 10 The company hired Isabella Walsh as a part-time assistant for $225 per day, as needed. Oct. 12 The company billed Sanchez Leasing another $5,800 for services performed. Oct. 15 The company received $7,000 cash from Sanchez Leasing as partial payment on its account. Oct. 17 The company paid $1,200 cash to repair computer equipment that was damaged when moving it. Oct. 20 The company paid $2,100 cash for advertisements published in the local newspaper. Oct. 22 The company received $5,800 cash from Sanchez Leasing on its account. Oct. 28 The company billed GHK Company $5,600 for services performed. Oct. 31 The company paid $1,575 cash for Isabella Walsh's wages for seven days' work. Oct. 31 R. Walsh withdrew $8,000 cash from the company for personal use. Nov. 1 The company reimbursed R. Walsh in cash for business automobile mileage allowance (Walsh logged 1,000 miles at $0.32 per mile). Nov. 2 The company received $5,000 cash from Jones Corporation for computer services performed. Nov. 5 The company purchased computer supplies for $2,200 cash from Marshall Office Products. to record prepaid expenses in balance sheet accounts.) Oct. 6 The company billed Sanchez Leasing $7,000 for services performed in installing a new web server. Oct. 8 The company paid $3,000 cash for the computer supplies purchased from Marshall Office Products on October 3. Oct. 10 The company hired Isabella Walsh as a part-time assistant for $225 per day, as needed. Oct. 12 The company billed Sanchez Leasing another $5,800 for services performed. Oct. 15 The company received $7,000 cash from Sanchez Leasing as partial payment on its account. Oct. 17 The company paid $1,200 cash to repair computer equipment that was damaged when moving it. Oct. 20 The company paid $2,100 cash for advertisements published in the local newspaper. Oct. 22 The company received $5,800 cash from Sanchez Leasing on its account. Oct. 28 The company billed GHK Company $5,600 for services performed. Oct. 31 The company paid $1,575 cash for Isabella Walsh's wages for seven days' work. Oct. 31 R. Walsh withdrew $8,000 cash from the company for personal use. Nov. 1 The company reimbursed R. Walsh in cash for business automobile mileage allowance (Walsh logged 1,000 miles at $0.32 per mile). Nov. 2 The company received $5,000 cash from Jones Corporation for computer services performed. Nov. 5 The company purchased computer supplies for $2,200 cash from Marshall Office Products. Nov. 8 The company billed Brady Co. $2,200 for services performed. Nov. 13 The company received notification from Masters Engineering Co. that Mobility Solutions' bid of $4,550 for an upcoming project is accepted. Nov. 18 The company received $3,400 cash from GHK Company as partial payment of the October 28 bill. Nov. 22 The company donated $400 cash to the United Way in the company's name. Nov. 24 The company completed work for Masters Engineering Co. and sent it a bill for $6,900. Nov. 25 The company sent another bill to GHK Company for the past-due amount of $2,200. Nov. 28 The company reimbursed R. Walsh in cash for business automobile mileage (1,200 miles at $0.32 per mile). Nov. 30 The company paid $3,150 cash for Isabella Walsh's wages for 14 days' work. Nov. 30 R. Walsh withdrew $3,100 cash from the company for personal use. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity