GLO204 (Algo) - Based on Problem 2-1A Sal Strods opens a web consulting business called Landscape Dreams 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. April 1 Strods invested $125,eee cash along with office equipment valued at $33,580 in the company in exchange for common stock. April 2. The company prepaid $18.200 cash for 12 months' rent for office space. The company's policy is to record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $9,500 in office equipment and $5,188 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received $8,580 cash. April 9 The company completed a $13,5ee project for a client, who must pay within 30 days. April 13 The company paid $14,689 cash to settle the account payable created on April 3. April 19 The company paid $6.dee cash for the premium on a 12-month prepaid insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts. April 22 The company received $8.188 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $5,4ee on credit. April 28 The company paid $6,200 cash in dividends. April 29 The company purchased $2,108 of additional Office Supplies on credit. April 30 The company paid $3,3ee cash for this month's utility bill. General General Income St Retained Requirement Journal Trial Balance Ledger FS Impact Statement Balance Sheet Earnings The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first two transactions are completed for you! Show less Transaction: Total Net Income Total Assets Liabilities Total Equity Where can you go to find each of your answers? income Balance sheet Balance sheet Balance sheet statement April 1 Strods invested $125.000 cash along with office equipment valued at $33,500 in the company in $ 0 s 158,500 $ 0 $ 158.500 exchange for common stock April 2 The company prepaid $18,000 cash for 12 months' rent for office space. The company's policy is 0 158,500 0 158.500 record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $9,500 in office equipment and $5.100 in office supplies. Payment is due within 10 days. Apri 9 The company completed a $8.500 project for a cient, who must pay within 30 days. April 9 The company completed a $13,500 project for a client who must pay within 30 days. April 13 The company paid $14,800 cash to settle the account payable created on April 3. April 19 The company paid $8,000 cash for the premium on a 12-month prepaid insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts April 22 The company received 58.100 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $5,400 on credit April 28 The company paid $8,200 cash in dividends. Apri29 The company purchased $2,100 of additional office supplies on credit April 30 The company paid $3,300 cash for this month's utility be Balance Sheet ES past