ch2-4

I am not understanding how to complete this. please make sure your answers arent cut off and please explain where I went astray, if possible. thank you for your help in advance.

GLO201 (Algo) - This problem is based on... LO A1, C2, P1 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 December 1 on December 1, Nina Miller forms a consulting business, named to build. Eco Build receives $56,000 cash from Nina Miller an an owner contribution. December 2 to build pay $3,800 cash for supplies. The company's policy is to record all prepaid expenses in asset Accounts. December 3 too thaid pays $40,000 Ooh for equipment. December 4 to build purchases $9,100 of supplies on credit from a supplier, Cal Tech Supply. December 5 to build provides consulting services and Indiately collecta $3,500 cash. Decodex 6 Toe Thuild pays $2,300 cash or Decembe rent. December 1 Reo build pays $2,000 cash for employee unlary. December to taild provides consulting services of $3,100 and rente ite tout facilities for 01,000. The customer billed 14,900 tor those Vic. December the Wald receives 24,900 cash from the client billed on December 8. De 10 tee tulid pays Caltech supply 02,200 cash as partial payment for to December 4 39,100 purchase of supplies. Dec 11 Mina Miller withdra 6700 cash from too tulid for personal use. December 12 to this id receives 3.500 cash in advance of providing consulting services to a customer. The company's polley to record fees collected in advance a balance sheet account. Dec 13 to mind pays $3.100 cash and premium) for 24-month insurance policy. Coverage bene on December 1. The company polley to record all prepaid expenses in a balance sheet account. December 14 to build pays $1,430 cash to supplies. Dec 15 tes tulid pays $1.605 Cash for December utilities expense. Dec 16 tel 01,350 ca in employee salary for work perforced in the latter part of December Transaction: Net Income Total Assets Balance sheet Total Liabilities Balance sheet Total Equity Balance sheet Income statement $ 0 $ 56,000 $ 0 $ 56,000 0 0 56,000 56,000 56,000 56,000 0 0 9,100 + + Where can you go to find each of your answers? December 1 - Eco Build receives $56,000 cash from Nina Miller as an owner contribution December 2 - Pays $3,800 cash for supplies. December 3 - Pays $40,000 cash for equipment December 4 - Purchases $9,100 of supplies on credit from a supplier. December 5 - Provides consulting services and immediately collects $5,500 cash. December 6 - Pays $2,300 cash for December rent. December 7 - Pays $2,000 cash for employee salary December 8 - Provides consulting services of $3,100 and rents its test facilities for $1,800. The customer is billed $4,900 for these services. December 9 - Receives $4.900 cash from the client billed on December 8. December 10 - Pays CalTech Supply $2,200 cash toward the payable from December 4. December 11 - Nina Miller withdraws $700 cash for personal use December 12 - Receives $3,500 cash in advance of providing consulting services to a customer. December 13 - Pays $3.700 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1 GLO201 (Algo) - This problem is based on... LO A1, C2, P1 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 December 1 on December 1, Nina Miller forms a consulting business, named to build. Eco Build receives $56,000 cash from Nina Miller an an owner contribution. December 2 to build pay $3,800 cash for supplies. The company's policy is to record all prepaid expenses in asset Accounts. December 3 too thaid pays $40,000 Ooh for equipment. December 4 to build purchases $9,100 of supplies on credit from a supplier, Cal Tech Supply. December 5 to build provides consulting services and Indiately collecta $3,500 cash. Decodex 6 Toe Thuild pays $2,300 cash or Decembe rent. December 1 Reo build pays $2,000 cash for employee unlary. December to taild provides consulting services of $3,100 and rente ite tout facilities for 01,000. The customer billed 14,900 tor those Vic. December the Wald receives 24,900 cash from the client billed on December 8. De 10 tee tulid pays Caltech supply 02,200 cash as partial payment for to December 4 39,100 purchase of supplies. Dec 11 Mina Miller withdra 6700 cash from too tulid for personal use. December 12 to this id receives 3.500 cash in advance of providing consulting services to a customer. The company's polley to record fees collected in advance a balance sheet account. Dec 13 to mind pays $3.100 cash and premium) for 24-month insurance policy. Coverage bene on December 1. The company polley to record all prepaid expenses in a balance sheet account. December 14 to build pays $1,430 cash to supplies. Dec 15 tes tulid pays $1.605 Cash for December utilities expense. Dec 16 tel 01,350 ca in employee salary for work perforced in the latter part of December Transaction: Net Income Total Assets Balance sheet Total Liabilities Balance sheet Total Equity Balance sheet Income statement $ 0 $ 56,000 $ 0 $ 56,000 0 0 56,000 56,000 56,000 56,000 0 0 9,100 + + Where can you go to find each of your answers? December 1 - Eco Build receives $56,000 cash from Nina Miller as an owner contribution December 2 - Pays $3,800 cash for supplies. December 3 - Pays $40,000 cash for equipment December 4 - Purchases $9,100 of supplies on credit from a supplier. December 5 - Provides consulting services and immediately collects $5,500 cash. December 6 - Pays $2,300 cash for December rent. December 7 - Pays $2,000 cash for employee salary December 8 - Provides consulting services of $3,100 and rents its test facilities for $1,800. The customer is billed $4,900 for these services. December 9 - Receives $4.900 cash from the client billed on December 8. December 10 - Pays CalTech Supply $2,200 cash toward the payable from December 4. December 11 - Nina Miller withdraws $700 cash for personal use December 12 - Receives $3,500 cash in advance of providing consulting services to a customer. December 13 - Pays $3.700 cash (insurance premium) for a 24-month insurance policy. Coverage begins on December 1