GL$0204($Algo$)-($No Analysis Tab$)-$ Based on Problem $2-1$A LO A$1,$ P$1$

April Mohr opens a web consulting business called Solid Systems 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 financlal statements are automatically generated based on the journal entries recorded.

April $1$ Mohr invested $$164,000$ cash along with office equipment valued at $$40,000$ in the company.

April $2$ The company prepaid $$25,800$ cash for $12$ months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts.

April $3$ The company made credit purchases for $$10,800$ in office equipment and $$6,400$ in office supplies. Payment is due within $10$ days.

April $6$ The company completed services for a client and immediately received $$12,400$ cash.

April $9$ The company completed a $$20,000$ project for a client, who must pay within $30$ days.

April $13$ The company paid $$17,200$ cash to settle the account payable created on April $3.$

April $19$ The company paid $$9,120$ cash for the premium on a $12-$month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.

April $22$ The company received $$12,000$ cash as partial payment for the work completed on April $9.$

April $25$ The company completed work for another client for $$6,700$ on credit.

April $28$ Mohr withdrew $$5,900$ cash from the company for personal use.

April $29$ The company purchased $$3,400$ of additional office supplies on credit.

April $30$ The company paid $$2,700$ cash for this month's utility bill.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$Statement$],[$Owners Equity$]],$Balance Sheet$]]$

Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Solid Systems 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".

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