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 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 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).

Total Liabilities Transaction: Net Income Total Assets Total Equity Where can you go to find each of your answers? Jan. 1 - Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. 0$100,750 $ 0 $ 100,750 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 - 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 payable for the office equipment purchased on January 3 100,750 100,750 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)