John Fox opens a web consulting business called Take Wings and completes the following transactions in its first month of operation 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. 1 Fox invested $128,000 cash along with office equipment valued at $34,000 in the company. Apr. 2 The company prepaid $18,600 cash for 12 months rent for office space. The company's policy is record prepaid expenses i balance sheet accounts. Apr. 3 The company made credit purchases for $9,600 in office equipment and $5,289 in office supplies. Payment is due within 10 days. Apr 6 The company completed services for a client and immediately received $8,800 cash. Apr. 9 The company completed a $14,800 project for a client, who must pay within 30 days. Apr. 13 The company paid $14,800 cash to settle the account payable created on April 3. Apr. 19 The 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. 22 The company received $8,400 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $5,500 on credit Apr. 28 Fox withdrew $5,500 cash from the company for personal use Apr. 29 The company purchased $2,200 of additional office supplies on credit. Apr 30 The company paid $3,500 cash for this month's utility bill. Requirement General General Income Journal Tnal Balance St Owners Ledger Balance Sheet Statement Equity FS Impact Every journal entry must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of the Take Wings 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": View transaction fiest Journal entry worksheet Apr. 1) Fox invested $128,000 cash along with office equipment valued at $34,000 in the company. Nott Enter debits before credits. Date Debit Credit Apr 01 Account Title Cash Office equipment 128,000 34.000 Record entry Clear entry View general journal