John Fox opens a web consulting business called Take Wings 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.

Apr.1Fox invested $128,000 cash along with office equipment valued at $34,000 in the company.Apr.2The company prepaid $18,600 cash for 12 months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts.Apr.3The company made credit purchases for $9,600 in office equipment and $5,200 in office supplies. Payment is due within 10 days.Apr.6The company completed services for a client and immediately received $8,800 cash.Apr.9The company completed a $14,000 project for a client, who must pay within 30 days.Apr.13The company paid $14,800 cash to settle the account payable created on April 3.Apr.19The company paid $6,240 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts.Apr.22The company received $8,400 cash as partial payment for the work completed on April 9.Apr.25The company completed work for another client for $5,500 on credit.Apr.28Fox withdrew $5,500 cash from the company for personal use.Apr.29The company purchased $2,200 of additional office supplies on credit.Apr.30The company paid $3,500 cash for this month's utility bill.

-Make a general journal

-Make a general ledger

-Make a trial balance

-Make a income statment

-Make a Statement of Owners Equity

-Make a balance sheet