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. January 1 A. Strods, owner, invested $184,750 cash in the company in exchange for common stock. January 2 The company purchased supplies for $4,050 cash. January 3 The company purchased $10,050 of equipment on credit. January 4 The company received $21,100 cash for services provided to a customer. January 5 The company paid $10,050 cash to settle the payable for the equipment purchased on January 3. January 6 The company billed a customer $5,500 for services provided. January 7 The company paid $4,025 cash for the monthly rent. January 8 The company collected $3,225 cash as partial payment for the account receivable created on January 6. January 9 The company paid $14,500 cash in dividends to the owner (sole shareholder). Requirement General Journal General Ledger Trial Balance Income Statement St Retained Balance Sheet Earnings FS Impact 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! Transaction: Where can you go to find each of your answers? January 1-A. Strods, owner, invested $184,750 cash in the company in exchange for common stock. January 2- The company purchased supplies for $4,050 cash. January 3- The company purchased $10,050 of equipment on credit. January 4 - The company received $21,100 cash for services provided to a customer. January 5 - The company paid $10,050 cash to settle the payable for the equipment purchased on January 3. January 6 - The company billed a customer $5,500 for services provided. Jan. 7 - The company paid $4,025 cash for the monthly rent. January 8- The company collected $3,225 cash as partial payment for the account receivable created on January 6. January 9 - The company paid $14,500 cash in dividends to the owner (sole shareholder). Show less Net Income Income statement Total Assets Total Liabilities Balance sheet Balance sheet 0 $ 184,750 $ Total Equity Balance sheet 0 $ 184,750 0 184,750 0 184,750