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Pam Fisher opens a web consulting business called Finance First and completes the following transactions in its first month of operations. Prepare journal entries for

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Pam Fisher opens a web consulting business called Finance First 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 Pisher invested $167,000 cash along with office equi pment. valued at $40, 500 in the company. Apr. 2 The company prepaid $26,400 cash for tvelve 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 $10, 900 in office equipment and $6,500 in office supplies. Payment is due within 10 days. Apr. 6 The company completed services for a client and inmediately received $12,700 cesh. Apr. 9 The company completed a $20,500 project for a client, who must pay within 30 days. Apr. 13 The company paid 17,400 cash to settle the account payable created on April 3. Apr. 19 The company paid $9,360 cash for the premium on a 12-month insurance policy. The company's poltoy is record prepaid expenses in bnlance sheet accounts Apr. 22 The corpany received $12,300 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $6,900 on eredit. Apr. 28 Pisher withdrew $6,000 cash from the company for personal use. Apr. 29 The company purchased $3,500 of additional office supplies on credit. Ap30 The company paid 82,900 cash fox thih month'B ueility bill. RequirementGeneralGeneral Salance IncomeSt Owners hers Balance Sheet PS impact Equity Journal Ledger Statement Every journal entry must keep the accounting equation in bafance. Prepare the journal entries for each of the transactions of the Finance First Company, entering the debits before the credits, Bach transaction w automaticaily be posted to the General Ledger and the Triai Balance os soon as you click Record Entry Vlew transaction list

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