This problem is based on the transactions for the Eco Build 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 Dec. 1 on December 1, Nina Miller forms a consulting business, named Ece Bulld. Eco Build receives $56,000 cash froe Nina Miller as an owner contribution. Dec. 2 Eco Build pays $3,500 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec.3 Eco Build pays $40,000 cash for equipment. Dec. 4 Eco Build purchases $9,100 of supplies on credit from supplier, CalTech Supply Dec. 5 Eco Build provides consultine services and immediately collects 55,500 cash. Dec. 6 Eco Build pays $2,500 cash for December rent. Dec. 7 Eco Build pays $2,000 cash for employee salary. Dec. 8 Eco Build provides consulting services of $3,100 and rents its test facilities for $1,000. The customer is billed 54,900 for these services. Dec. 9 Eco Build receives 54,900 cash from the client billed on December 8. Dec. 10 Eco Build pays CalTech Supply 52,200 cash as partial payment for its December 4 $9,100 purchase of supplies. Dec. 11 Nina Miller withdraws $700 cash from Eco Build for personal use. Dec. 12 Eco Build receives $3,500 cash in advance of providing consulting services to customer. The company's policy is to record fees collected in advance in a balance sheet account. Dec. 13 Eco Build pays $3,700 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. Dec. 14 Eco Build pays $1,420 cash for supplies. Dec. 15 Eco Build pays $1,605 cash for December utilities expense. Dec. 16 Eco Build pays 51,350 cash in employee salary for work performed in the latter part of December Requirement General Journal General Ledger Trial Balance Income Statement St Owners Balance Sheet Equity Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Eco Build 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 click "Record Entry". View transaction list Journal entry worksheet 2 3 4 5 6 7 8 .... On December 1, Nina Miller forms a consulting business, named Eco Build. Eco Build receives $56,000 cash from Nina Miller as an owner contribution Notes Enter debits before credits. Account Title Debit Credit Date Dec 01 Prey 1 of 1 Hii Next This problem is based on the transactions for the Eco Build 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 Dec. 1 On December 1, Nina Miller forns a consulting business, named Eco Build. Eco Bulld receives $56,000 cash from Nina Miller as an owner contribution. Dec. 2 Eco Build pays $3,800 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts Dec. 3 Eco Build pays $40,000 cash for equipment. Dec. 4 Eco Bulld purchases 59,169 of supplies on credit from a Supplier, CalTech Supply. Dec. 5 Eco Bulld provides consulting Services and immediately collects $5,500 cash. Dec. 6 Eco Build pays $2,300 cash for December rent. Dec. 7 Eco Build pays $2.000 cash for employee salary. Dec. 8 Eco Build provides consulting services of 53,100 and rents its test facilities for $1,800. The customer is billed $4,900 for these services. Dec. 9 Eco Bulld receives $4,000 cash from the client billed on December 8. Dec. 10 Eco Build pays CalTech Supply 52,200 cash as partial payment for its December 4 39,100 purchase of supplies Dec 11 Nina Miller withdraws $700 cash from Eco Build for personal use. Dec. 12 Eco Build receives $3,500 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. Dec. 13 Eco Build pays $3,700 cash insurance presiun) 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. Dec. 14 Eco Build pays $1,420 cash for supplies. Dec. 15 Eco Build pays $1,505 cash for December utilities expense. Dec. 16 Eco Build pays $1,350 cash in employee salary for work performed in the latter part of December. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger, The trial balance is only as accurate as the underlying journal entries. If the total debts do not equal the total credits you have a journal entry that is out of balance. If you have an abnormal ending balance indicated with brackets in the general ledger, you should review the journal entries that affected that account to ensure that the journal entries are correct. Show less Dates Dec 01 to: Dec 31 Eco Build Trial Balance December 16, 2017 ACC Title Debit (General Ledge Income Statement