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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

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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. 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. Kacy Spade withdrew $10,000 cash from the company for personal use. Jan. 9 The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Inpu cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be repor on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecti. the date on the trial balance tab.) The first 2 transactions are completed for you! Show les: Total Liabilities Total Equity Total Assets Net Income Transaction: Where can you go to find each of your answers? Jan. 1- Kacy Spade, owner, invested $100,750 cash in the company.- 2$ 100,750 100,750 $ 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 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- Kacy Spade withdrew $10,000 cash from the company for personal use.

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