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 Tony Turner, owner, invested $166,750 cash in the company. Jan. 2 The company purchased office supplies for $3,450 cash. Jan. 3 The company purchased $14,050 of office equipment on credit. Jan. 4 The company received $19,900 cash as fees for services provided to a customer. Jan. 5 The company paid $14,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $4,900 as fees for services provided. Jan. 7 The company paid $3,425 cash for the monthly rent. Jan. 8. The company collected $2,775 cash as partial payment for the account receivable created on January 6. Jan. 9 Tony Turner withdrew $13,300 cash from the company for personal use. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet An income statement reports the changes in equity attributable to the operation of the business during a specific time period. Revenues increase equity, and expenses decrease equity