uz Ivan Kuhl opens a web consulting business called Photo Sense and completes the following transactions in its first month of operations. 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. Apr. 1 Kuhl invested $101,000 cash along with office equipment valued at $29,500 in the company Apr. 2 The company prepaid $13,200 cash for 12 monthsrent for office space. The company's policy is record prepaid expenses in balance sheet accounts Apr. The company made credit purchases for 10,700 in office equipment and $4,300 in office supplies. Payment is due within 10 days Apr. 6 The company completed services for a client and immediately received 56,100 cash Apr. 9 The company completed a $9,500 project for a client, who must pay within 30 days. Apr. 13 The company paid $13,000 cash to settle the account payable created on April 3. Apr 19 The company paid 14,080 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet counte. Apr. 22 The company received 55,700 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $4,600 on credit. Apr. 28 Kuhl withdrew 56,200 cash from the company for personal use. Apr. 29 The company purchased $1,300 of additional office supplies on credit. Apr. 30 The company paid $1,700 cash for this month's utility bill