Ronnie Walsh opens a web consulting business called Walsh Consulting and completes the following transactions in March. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. March 1 Walsh invested $216,000 cash along with $24,200 in office equipment in the company in exchange for common stock. March 2 The company prepaid $10,000 cash for six months rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3 The company made credit purchases of office equipment for $5,200 and office supplies for $3,400. Payment is due within 10 days. March 6 The company completed services for a client and immediately received