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 Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock Jan. 2 The company purchased office supplies for $1,250 cash Jan. 3 The company purchased $10,050 of office equipment on credit Jan. 4 Th Jan. 5 The company paid s10,050 cash to settle the payable for the office equipment purchased on January 3 Jan. 6 The company billed a customer $2,700 as fees for services provided. Jan. 7 The company paid $1,225 cash for the monthly rent. Jan. 8 The company collected $1,125 cash as partial payment for the account receivable created on January 6 Jan. 9 The company paid $10,000 cash in dividends to the owner (sole shareholder). e company received $15,500 cash as fees for services provided to a customer. General Ledger Income Trial Balance Statement Earnings St Retained Balance Sheet FS Impact Requirement General Journal The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for you! Show less A Tota Net Income Total Assets Liabilities Total Equity ncome statement Where can you go to find each of your answers? Balance sheet Balance sheet Balance sheet Jan. 1 -Kacy Spade, owner, invested $100.750 cash in O S 100,750 0$ 00,750 the company in exchange for common stock. Jan. 2 - The company purchased office supplies tor 100,750 100,750 $1,250 cash Jan. equipment on credit. Jan. 4- 3 - The company purchased $10,050 of office 10,050 The company received $15,500 cash as fees for services provided to a customer. Jan. 5-The company paid $10,050 cash to settle the fice equipment purchased on January Jan. 6-The company billed a customer $2,700 as fees for services provided Jan. 7- The company paid $1,225 cash for the monthly rent Jan. 8- The company collected $1,125 cash as partial ment for the account receivable created on January Jan. 9-The company paid $10,000 cash in dividends to the owner (sole shareholder) Please verify that each of your final amounts agrees with the financial statements as of, or for the month ended, January 31