R Transfer | Admissions What It Takes to Get oc What Does It Mean t 8National Right to Life Pro-life Answers to P https/kid Homework GLO202 - Based on Exercise 2-9 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. an. 1 Paul Brown, owner, invested $103,750 cash in the company. Jan. 2 The company purchased office supplies for $1,350 cash. Jan. 3 The company purchased $12,ese of office equipment on credit Jan. 4 The company received $15,700 cash as, fees for services provided to a customer. Jan. 5 The company paid $12,050 cash to settle the payable for the office equipment purchased on January 3. an. 6 The company billed a customer $2,880 as fees for services provided an. 7 The company paid $1,325 cash for the monthly rent any collected $1,280 cash as partiai payment for the account receivable created on January 6. Dan. 9 Paul Brown withdrew $10,109 cash from the company for personal use. General Ledger Trial Balance Income St owners Equity Requirement General Journal Statement General Journal Tab-For each transaction, prep before credits. General Ledger Tab-One of the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance Tab - General ledger softwar are the required journal entry on the General Journal tab. List debits advantages of general ledger software is that posting is done auto matically. To see the e also automates the preparation of trial balances. A trial balance lists each 3 account from the General Ledger along with its balance, either a debit or a credit. Total debits should always equal total