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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
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 Juan Perez, owner, invested $127,750 cash in the company. Jan. 2 The company purchased office supplies for $2,150 cash. Jan. 3 The company purchased $12,050 of office equipment on credit. Jan. 4 The company received $17,300 cash as fees for services provided to a customer. Jan. 5 The company paid $12,058 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $3,600 as fees for services provided. Jan. 7 The company paid $2.125 cash for the monthly rent. Jan. 8 The company collected $1,800 cash as partial payment for the account receivable created on January 6. Jan. 9 Juan Perez withdrew $10,900 cash from the company for personal use. kes Requirement General General Income Trial Balance Journal St Owners Ledger Balance Sheet Statement Equity Every Journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Perez Company, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you click "Record Entry
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