Prepare General Journal

Ken Hughes opens a web consulting business called Security 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 Hughes invested $149,000 cash along with office equipment valued at $37,50e in the company. Apr. 2 The company prepaid $22,889 cash for twelve 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 $10,300 in office equipment and $5,980 in office supplies. Payment is due within 1e days Apr. 6 The company completed services for a client and immediately received $10,900 cash. Apr. 9 The company completed a $17,500 project for a client, who must pay within 30 days. Apr. 13 The company paid $16,200 cash to settle the account payable created on April 3. Apr. 19 The company paid $7,920 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received $10,5ee cash as partial payment for the work completed on April 9 Apr. 25 The company completed work for another client for $6,200 on credit. Apr. 28 Hughes withdrew $6,200 cash from the company for personal use. Apr. 29 The company purchased $2,90e of additional office supplies on credit. Apr. 30 The company paid $3,300 cash for this month's utility bill