Ines problem is based on the transactions for the Comic Stand 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 Dec. 1 On December 1, Brian Alean forma consulting business, named Comic Stand. Conic Stand receives 552,000 cash from Brian Aloan as an owner contribution Dec. 2 Comic Stand pays $3,600 cash for supplies. The company's policy is to record all prepaid expenses in asset accounts. Dec. 3 Comic Stand pays $36,000 cash for equipment. Dec. 4 Conic Stand purchases $8,800 of supplies on credit from a supplier, CalTech Supply. Dec 5 Comic Stand provides consulting services and immediately collects $5,300 cash. Dec. 6 Comic Stand pays $2,100 Cash for December rent. Dec. 7 Comic Stand pays $1.00 Cash for employee salary. Dec. 8 Conic Stand provides consulting services of $2,700 and rents its test facilities for $1,400. The customer is billed $4,100 for these services. Dec. 9 Comic Stand receives $4,100 cash from the client billed on December 8. Dec. 10 Comic Stand pays CalTech Supply $2,000 cash as partial payment for its December 4 $8,800 purchase of supplies. Dec. 11 Brian Aloan withdraws 3500 cash from Comic Stand for personal use. Dec. 12 Conic Stand receives 33,300 cash in advance of providing consulting services to a customer. The company's policy is to record fees collected in advance in a balance sheet account. Dec. 13 Conic Stand pays $3,500 cash (insurance presiun) for a 24-month insurance policy. Coverage begins on December 1. The company's policy is to record all prepaid expenses in a balance sheet account. Dec. 14 Comic Stand pays $1,220 cash for supplies. Dec. 15 Conic Stand pays $1,05 cash for December utilities expense. Dec. 16 Conic Stand pays $1,250 cash in employee salary for work performed in the latter part of December General Requirement General Journal Ledger Trial Balance Income Statement St 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 Comic Stand Company, entering the debits before the credits. Each transaction will automatically be posted to the General Ledger the last