On October 1, 2017, Connor Brady launched a computer services company called Solid Systems, which provides consulting Services computer system installations, and custom program development Brady adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial Statements on December 31, 2017 Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements Oct. 1 Brady invested $129, cash, 122. te , of offic i ent in the company Oct. The company paid s ee cash for four monthstreet. The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. The company purchased $4,200 of computer supplies on credit from Green Office Products Oct. 5 The company paid $4,200 cash for one year's son property and liability insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. The company billed Hughes Leasing for services performed in installing web server Oct. The company paid 4.200 as for the computer s e s whered free Green Office Products October 3. Oct. 1 The Company Mir r y Potter a part-tiesistant for $225 per day, as needed Oct. 12 The company billed Hughes Leasing another 5. for services performed Oct. 15 The company received 57,00 cash from Hughes Leasing as partial payment on its account Oct. 17 The company paid $1,600 cash to repair computer pent that was damaged when moving it. Oct. 20 The company paid $2,5ee cash for advertisements published in the local newspaper Oct. 22 The company received $7,00 cash fro h es Leasing on its account Oct 28 The company billed GE Company 16.000 for services performed Oct. 31 The company paid $1,575 cash for Rory Potter'swages for seven days work. Oct 11 C. Brady withdrew 59,00 cash from the company for personal use. Nov. 1 The company reisbursed C. Brady in cash for business automobile mileage allowance (Braty logged 1,000 stles at 50.12 per upcoming project is Nov. 2 The company received $5,400 cash from Clark Corporation for computer services performed Nov. The company purchased computer supplies for $1,0 cash froe Green Office Products Nov. The company billed by Co. 12. for services performed Nov. 13 The company received notification from Kelley Engineering Co. that Solid Systems of $4,25 for accepted. Nov. 18 The company received $3,600 cash froh Company as partial payment of the October 2 bili Now. 22 The company donated see cash to the United way in the company's Nov. 24. The company completed work for Kelley Engineering Co. and sent it a bill for 55,100 Nov. 25 The company sent another bill to the Company for the past-due t of $2,40 Nov. 2 The company reisbursed c. Brady is cash for business automobile mileage (1.2 miles at se. 32 per s Now. The company paid $3,150 cash for Mary Potters was for 14 days work C. Sady with $2,00 cash from the company for personal use e ). Requirement General Journal General Ledger Income Statement St Owners Equity Balance the impact on Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances w t omatically populate Solid Systems Income Statement For Two Months Faded November 30, 2017 P 27.500 70 Total revenues Expenses Notes payable Miegene Repair expense.Com Wages expense Miscellaneous expenses Advertising expense Total expenses Set income MP 4 es como comando On October 1, 2017, Connor Brady launched a computer services company called Solid Systems which provides conting services computer system installations, and custom program development Brady adopts the calendar year for reporting purposes and expec to prepare the company's first set of financial statements on December 31, 2017 Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements Oct. 1 C Brady invested 5129,eee cash, a $22, computer system, and $8,00 of office equipment in the company oct. 2 The company paid $1,600 cash for four months rent. The company's policy is to record prepaid expenses is balance sheet accounts.) Oct. The company purchased 20 of computer supplies on cred froe Green Office Products Oct. The company paid 14,200 cash for one years premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) oct. The company billed ughes Sin 57,600 for services perforded in thing webserver Oct. The company paid $4,200 cash for the computer sultes purchased free Green Office Products on October 3. oct. 10 The y hired Mary Potter as part time assistant for sals per day, s ed Oct. 12 The company billed Hughes Leasing another 37,000 for services performed Oct. 15 The company received 57, 6e cash from Hughes Leasing as partial payment on its account out. 17. The company paid $1,0 cash to repair compter quent that was d e v ine Oct. 20 The company paid 12,5ee cash for advertisements published in the local newspaper out. The company received 7, cash fro h es Leasing on its account. Oct. 26 The company billed Company 16,000 for services performed Oct. 1 The company paid $1,575 cash for Mary Potter for seven days work Oct. 31 Brady wit 99, cash for the company for personal Now. 1 The company reimbursed C. Brady in cash for business automobile mileage allowance (Brady logged 1,000 miles at $8.32 per wile). Nov. 2 The company received 55,00 cash from Clark Corporation for computer services forced Nov. The company purchased computer supplies for $1.6 cash free office Products Now. The company billed Byrnes Co. 52, 4e for services performed. Nov. 13 The company received notification from Kelley Engineering Co. that solid Systens bid of $4,350 for an upcoming project is accepted. Nov. 18 The company received 55,6ee cash from a company parti e nt of the October 2011 Nov. 22 The company donated se cach to the United way is the company's name Nov. 24 The company completed work for Kelley Engineering Co. and sent it a bill for $5,100. Nov. 25 The company sent another bill to OK Company for the paste unt of $2,400 Nov. 26 The company reimbursed C. Brady in cash for business stobile lege (1,200 les at 30.12 per mile) Nov. 3e The company paid 5), 150 cash for Mary Potter's was for 14 days work wov. Brady withdrew 52,00 cash from the company for personal General Journal l Genera Ledger Income Statement Owner Requirement en Balance Bal i mpact on Balance Sheet Equity General Journal Tab - For each transaction, prepare the required journal entry on the General Journal tab. List debits before credits. Each journal entry is automatically posted to the General Ledger General Ledger Tab - To see the detail of all transactions that affect a specific account, or the balance in an account at specific point in time, click on the General Ledger tab. Abnormal balances appear in parentheses. Click on any amount to see the underlying journal entry. Trial Balance Tab A trial balance lists each account from the General Ledges along with its balance. her a debitor a credit. Total debts should always equal total credits. If your trial balance doesn't balance, review your journal entries on the general journal tab. Income Statement Tab - Using the dropdown buttons, select the financial statement elements and account titles to be Included on the income statement. The account balances will automatically populate. Statement of Owner's Equity Tab - Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the owner's capital balance Balance Sheet Tab. Using the dropdown buttons, select the financial statement elements and account tities to be included on the balance sheet. The account balances will automatically populate. Impact on Equity Tab - Using the dropdown buttons, indicate the impact each item has on total equity Compare the total with the amount of equity reported on the balance sheet. General Journal > Requirement Terme General Journal General Ledger St Owners Inal Balance SEO Equity Income Statement Balance Sheet Impact on Balance Sheet Equity Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. / Solid Systems Balance Sheet November 30, 2017 30, 2017 Assets: / 77 / 717 / / / / / / Liabilities: Owner's Equity