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 Jean Clark, owner, invested $109,750 cash in the company in exchange for common stock. Jan. 2 The company purchased office supplies for $1,550 cash. Jan. 3 The company purchased $16, e5e of office equipment on credit. Jan. 4 The company received $16,1ee cash as fees for services provided to a customer. Jan. 5 The company paid $16,850 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $3,000 as fees for services provided. Jan. 7 The company paid $1,525 cash for the monthly rent. Jan. 8 The company collected $1,350 cash as partial payment for the account receivable created on January 6. Jan. 9 The company paid $10,300 cash in dividends to the owner (sole shareholder). Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for you! Show less Transaction: Net Income Total Assets Total Liabilities Total Equity Where can you go to find each of your answers? Income statement Balance sheet Balance sheet Balance sheet Jan. 1 - Jean Clark, owner, invested $109,750 cash in the company in exchange for common stock. $ 0 $ 109,750 $ 0 $ 109.750 Jan. 2 - The company purchased office supplies for 0 109.750 0 $1,550 cash. 109,750 Jan. 3 - The company purchased $16,050 of office 125,800 16,050 109,750 equipment on credit Jan. 4 - The company received 16,100 cash as fees for services provided to a customer. 16,100 141,900 16,050 125,850 Jan. 5 - The company paid $16,050 cash to settle the payable for the office equipment purchased on January 16.100 125,800 0 125,850 3 Jan. 6 - The company billed a customer S3,000 as fees 19,100 for services provided Jan. 7 - The company paid $1,525 cash for the monthly rent. Jan. 8 - The company collected $1,350 cash as partial payment for the account receivable created on January 6. Jan. 9 - The company paid $10,300 cash in dividends to the owner (sole shareholder). Balance Sheet FS Impact