View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Mar. 1) Egert invested $159,000 cash along with $22,300 in office equipment in the company. Note: Enter debits before credits. Date Account Title Debit Credit Mar 01 000: No journal entry required 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance View general journal Record e transaction not Journal entry worksheet 1 2 3 4 5 6 7 8 12 Mar. 1) Egert invested $159,000 cash along with $22,300 in office equipment in the company. Note: Enter debits before credits. Account Title Debit Credit Date Mar 01 131: Prepaid rent 163: Office equipment 164: Accumulated depreciation office equipment 201: Accounts payable 210: Notes payable Record er View general journal 6 Journal entry worksheet 1 2 3 4 5 6 7 8 12 Mar. 1) Egert invested $159,000 cash along with $22,300 in office equipment in the company. Note: Enter debits before credits. Account Title Debit Credit Date Mar 01 226: Unearned revenue 301: E. Egert, Capital 302: E. Egert, Withdrawals 403: Services revenue 690: Utilities expense View general journal Record er LO > Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. Show less A Egert Consulting Income Statement For Month Ended March 31, 2019 Assets: Liabilities: Owner's Equity: Revenues: Expenses: utility bill. General General Requirement Trial Balance Income Statement St Owners Equity Journal Ledger Using the dropdown buttons, select the item tha describes the values that either increase or deci balance. Egert Consulting Statement of Owner's Equity For Month Ended arch 31, 2019 E. Egert, Capital, March 1, 2019 $ Add: Net loss Less: Owner investments Less: Net income Less: Net loss. ne Statement Less: Owner withdrawals 0 Balance Sheet General General Requirement Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Journal Ledger Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance. Show less A Egert Consulting Statement of Owner's Equity For Month Ended March 31, 2019 E. Egert, Capital, March 1, 2019 $ Add: Owner investments Add: Net income Add: Owner withdrawals Add: Net loss ne Statement > 0 Balance Sheet General Requirement General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Journal Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. Show less A Egert Consulting Balance Sheet March 31, 2019 Assets: Liabilities: Owner's Equity: Revenues: Expenses: General Requirement General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Equity Journal While the balance sheet reports the detail of individual assets and liabilities, owner's equity is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Owner investments and Owner withdrawals. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Show less A Transaction Impact on Equity Mar. 1) Egert invested $159,000 cash along with $22,300 in office equipment in the company. Mar. 2) The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. No change in equity Increased equity - Revenue Mar. 3) The company made credit purchases of office equipment for $3,300 and office supplies for $1,500. Payment is due within 10 days. Increased equity - Owner investment Mar. 6) The company completed services for a client and immediately received $4,300 cash. Decreased equity - Expense Mar. 9) The company completed a $7,800 project for a client, Decreased equity - Owner withdrawal ithin 30 days Ed Egert opens a web consulting business called Egert 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. Mar. 1 Egert invested $159,000 cash along with $22,300 in office equipment in the company. Mar. 2 The company prepaid $12,000 cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 3 The company made credit purchases of office equipment for $3,300 and office supplies for $1,500. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,300 cash. Mar. Mar. 9 The company completed a $7,800 project for a client, who must pay within 30 days. Mar. 12 The company paid $4,800 cash to settle the account payable created on March 3. Mar. 19 The company paid $5,300 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $4,700 cash as partial payment for the work completed on March 9. The company completed work for another client for $4,200 on credit. Mar. 25 Mar. 29 Egert withdrew $5,400 cash from the company for personal use. Mar. 30 The company purchased $900 of additional office supplies on credit. Mar. 31 The company paid $800 cash for this month's utility bill. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity General Journal Tab - For each transaction, prep journal entry on the General Journal tab. List deb journal entry is automatically posted to the Gener General Ledger Tab - To see the detail of all trar specific account, or the balance in an account at a click on the General Ledger tab. Abnormal balanc parentheses. Click on any amount to see the und Trial Balance Tab - A trial balance lists each accc General quirement General Journal Trial Balance Income Statement St Owners Equity Balar Ledger very journal entry must keep the accounting equatic urnal entries for each of the transactions of Ec ne debits before the credits. Each transaction wil the General Ledger and the Trial Balance as soon a ew transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Mar. 1) Egert invested $159,000 cash along with $22,300 in office equipment in the company. Note: Enter debits before credits. Date Account Title Debit Credit Mar 01 Clear entry View general journ General Ledger > Record entry Trial Balance IU LU TELUT prepare expenses 111 balance sheet accounts. Mar. Mar. 3 The company made credit purchases of office equipment for $3,300 and office supplies for $1,500. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,300 cash. Mar. 9 The company completed a $7,800 project for a client, who must pay within 30 days. Mar. 12 The company paid $4,800 cash to settle the account payable created on March 3. Mar. 19 The company paid $5,300 cash for the premium on a 12-month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. Mar. 22 The company received $4,700 cash as partial payment for the work completed on March 9. The company completed work for another client for $4,200 on credit. Mar. 25 Mar. 29 Egert withdrew $5,400 cash from the company for personal use. Mar. 30 The company purchased $900 of additional office supplies on credit. Mar. 31 The company paid $800 cash for this month's utility bill. General General Requirement Trial Balance Income Statement St Owners Equity Journal Ledger Using the dropdown buttons, select the item tha describes the values that either increase or deci balance. Egert Consulting Statement of Owner's Equity For Month Ended March 31, 2019 E. Egert, Capital, March 1, 2019 $ E. Egert, Capital, March 31, 2019 Record entry Record entry Record entry LO Record entry Record entry