the requirements for the assignments are in the picture below

This problem is based on the transactions for the Travel Smart Company in your text. 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. December 1 On December 1, Grace Labeille forms a consulting business, named Travel Smart. Travel Seart receives $38,000 cash from Grace Labeille in exchange for common stock. December 2 Travel Smart pays $2,900 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. December 3 Travel Smart pays $34,000 cash for equipment. December 4 Travel Smart purchases $7,750 of supplies on credit from a supplier, CalTech Supply. December 5 Travel Seart provides consulting services and immediately collects $4,600 cash. December 6 Travel Smart pays $1,400 cash for December rent. December 7 Travel Smart pays $1,100 cash for employee salary. December & Travel Smart provides consulting services of $2,000 and rents its test facilities for $700. The customer is billed $2,700 for these services. December 9 Travel Smart receives $2,700 cash from the client billed on December 8. December 18 Travel Smart pays CalTech Supply $1,300 cash as partial payment for its December 4 $7,750 purchase of supplies. December 11 Travel Smart pays $600 cash for dividends. December 12 Travel Smart receives $3,400 cash in advance of providing consulting services to a customer. The company's policy is to record fees collected in advance in a balance sheet account. December 13 Travel Smart pays $2,800 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. December 14 Travel Seart pays $520 cash for supplies. December 15 Travel Snart pays $705 cash for December utilities expense. December 16 Travel Smart pays $900 cash in employee salary for work performed in the latter part of December. I Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet FS Impact General Journal Tab-For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. General Ledger Tab - One of the advantages of general ledger software is that posting is done automatically. To see 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 software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Income Statement Tab-The revenue and expense balances from the trial balance appear on the income statement, along with their balance as of the date selected. Review the income statement and indicate how the income statement is linked to the other financial statements. Statement of Retained Earnings Tab-Beginning retained earnings plus (minus) net income (loss) for the period less dividends. Review the statement of Retained earnings and indicate how the statement is linked to the other financial statements. Balance Sheet Tab-Each asset and liability account balance, as reported on the trial balance, appears on the balance sheet, along with the equity balance. Review the balance sheet and then indicate how the balance sheet is linked to the other financial statements. Financial Statement Impact Tab-It is important to be able to identify the impact each transaction has on the financial statements. For each of the transactions, indicate the cumulative amount of net income, total assets, total liabilities and total equity that would appear on the financial statements immediately after each transaction is recorded