Question 2: (20 points) A new company has been created on January 1, 2020 and is preparing financial statements for its first month of operations. It provides IT consulting services. Required: a) For each of the following transactions, identify the impacts on the financial statements (specify the date, appunts involved, the direction (1U) and the amount) b) identify the adjustments that are needed at the end of the month (again, specify accounts involved, the direction, and the amount) No need to do financial statements, only the analysis is required. Jan 1: the owner transfers $30,000 to the company's bank account and receives common shares in return Jan 2: payment of $2,400 for the rental of an office space for the next two months Jan 3: payment of $9,600 for the purchase of IT equipment with a useful life of 5 years Jan 4: purchase of office supplies for $400 on account. The amount will be paid on Feb 4. Jan 5: a first client requires some consulting services. He will pay when the contract is finished. An estimate of $1,500 is given to the client. Jan 10: the contract is now finished (the work is completed) and an invoice of $1,400 is sent to the client Jan 15: receives a check from the client of $1,000. A note says the rest will be paid in February. Jan 21: hiring of an administrative assistant who will be paid $750 per week. She will start working on Jan 28. Jan 30: a client requires some consulting services and paid $2,000 in advance. The work will be done in early February Jan 31: the administrative assistant has worked 4 days in January (28-29-30-31). She will be paid in February Jan 31: a physical count of office supplies shows that $250 worth remains Jan 31: the owner withdraws $500 as a dividend