Pam Fisher opens a web consulting business called Fisher 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 Fisher invested $237,000 cash along with $24.900 in office equipment in the company. Mar. 2 The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $5,900 and office supplies for $4,100. Payment is due within 10 days. Mar. 6 The company completed services for a client and immediately received $6,900 cash. Mar. 9 The company completed a $10,400 project for a client, who must pay within 30 days. Mar. 12 The company paid $10,000 cash to settle the account payable created on March 3. Mar. 19 The company paid $9.700 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 $6,200 cash as partial payment for the work completed on March 9. Mar. 25 The company completed work for another client for $6,800 on credit. Mar. 29 Fisher withdrew $5,600 cash from the company for personal Mar. 30 The company purchased $1,100 of additional office supplies on credit. Mar. 31 The company paid $1,000 cash for this month's utility bill. use. Requirement General Journal General Ledger Trial Balance Income Statement St Owners E Every journal entry must keep the accounting equation in balance. Prepare the journ Consulting, entering the debits before the credits. Each transaction will automatica as soon as you click "Record Entry". View transaction list Journal entry worksheet 1 2 3 4 5 12 6 7 8 Mar. 1) Fisher invested $237,000 cash along with $24,900 in office equipment in the company -Summative Assessment (due ... Saved Help Save & Exit Subr Mar. 22 ine company received $6,200 cash as partial payment for the work completed on March y. Mar. 25 The company completed work for another client for $6,800 on credit. Mar. 29 Fisher withdrew $5,600 cash from the company for personal use. Mar. 30 The company purchased $1,100 of additional office supplies on credit. Mar. 31 The company paid $1,000 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you there is journal entry that is out of balance. If you have an abnormal ending balance indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Show less Fisher Consulting Trial Balance March 31, 2019 Account Title Debit Credit Total 0 $ 0 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. Fisher Consulting Income Statement For Month Ended March 31, 2019 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. Fisher Consulting Statement of Owner's Equity For Month Ended March 31, 2019 P. Fisher, Capital, March 1, 2019 $ 0 P. Fisher, Capital, March 31, 2019 Help Save & Exit Subm Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. Fisher Consulting Balance Sheet March 31, 2019 Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accountir shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indic- impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. S Impact on Equity Transaction Mar. 1) Fisher invested $237,000 cash along with $24.900 in office equipment in the company. Mar. 2) The company prepaid $8,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3) The company made credit purchases of office equipment for $5,900 and office supplies for $4,100. Payment is due within 10 days. Mar. 6) The company completed services for a client and immediately received $6,900 cash Mar. 9) The company completed a $10,400 project for a client, who must pay within 30 days Mar. 12) The company paid $10,000 cash to settle the account payable created on March 3. Mar. 19) The company paid $9,700 cash for the premium on a 12-month insurance policy. The company's policy is to record Expenses mudiance Site accounts. Mar. 3) The company made credit purchases of office equipment for $5,900 and office supplies for $4,100. Payment is due within 10 days. Mar. 6) The company completed services for a client and immediately received $6,900 cash Mar. 9) The company completed a $10,400 project for a client, who must pay within 30 days. Mar. 12) The company paid $10,000 cash to settle the account payable created on March 3. Mar. 19) The company paid $9,700 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 $6,200 cash as partial payment for the work completed on March 9 Mar. 25) The company completed work for another client for $6,800 on credit Mar. 29) Fisher withdrew $5,600 cash from the company for personal use. Mar. 30) The company purchased $1,100 of additional office supplies on credit Mar. 31) The company paid $1,000 cash for this month's utility bill Total impact on equity $ 0