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.1Greg Taylor, owner, invested $139,750 cash in the company.Jan.2The company purchased office supplies for $2,550 cash.Jan.3The company purchased $12,050 of office equipment on credit.Jan.4The company received $18,100 cash as fees for services provided to a customer.Jan.5The company paid $12,050 cash to settle the payable for the office equipment purchased on January 3.Jan.6The company billed a customer $4,000 as fees for services provided.Jan.7The company paid $2,525 cash for the monthly rent.Jan.8The company collected $2,100 cash as partial payment for the account receivable created on January 6.Jan.9Greg Taylor withdrew $11,500 cash from the company for personal use.

-Make a general journal

-Make the general ledger

-Make a trial balance

-Make a income statement

-Make a statement of owners equity

-Make a balance sheet