t 2 Gen. Led. Prob. Seved Prepare Journal entries for each transaction and Identify the financial statement impact of each enty The financial statements are automatically generated based on the journal entries recorded. January 1 Sanche: dwner, invested $151,750 cash in the company in exchange for coon stock, January 2 The Company purchased supplies for 52,950 cash. January 3 the conany purchased $12,050 of equipment on credit. January 4 The cowany received 315,900 cash for services provided to customer Danuary 5 The company paid $12,050 cash to settle the payable for the equipment purchased on January 3 January 6 The company billed customer 54,400 for services provided January 7 The company paid $2.925 cash for the monthly rent. January 8 the corony collected $2,400 cash as partial payment for the account receivable created on January 6 January 9 The company paid $12.300 cash in dividends to the owner (sole Shareholder Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earings Balance Sheet Simpact Every Journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Sanchez Company, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger and the Trial Balance as soon as you did "Record Entry Www transactions Journal entry worksheet January 1. Sanchez, owner, invested 5151,750 cash in the company in exchange for common stock Horec ACCOUNT Debit Credit January 01 View all