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.

Assume Martin Services began the year with the following balances: Cash, $38,000;

Accounts receivable, $11,100; and Common stock, $49,100.

January 1	L. Martin invested $21,100 cash in the company in exchange for common stock.
January 2	The company provided services to a client and immediately received $4,200 cash.
January 3	The company received $11,100 cash from a client in advance for services to be provided next year.
January 4	The company received $5,700 cash from a client in partial payment of accounts receivable.