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GL0201 (Static) - (No Analysis Tab) - Based on the FastForward Compony This problem is based on the transactions for the Fastforwaid Company is your text Prepare fournal entries for each transaction and Wentify the financial statement impact of each entry the financhal stotements are automaticaly generated based on the fournal entries ifcorded Tajior in exchanise for comation stock. Aeceeber I tactronand pays 526,600 cosh fon cquipect. Decenber ib Fastfarwand cay? $1,000 caich for deconber rent. December 7 Fastfonard pays siod cash for indoyer salery Decenber. 9. fastronard recelves: 11 , soe cash from the cllent bllied on ofcester s. Decenter 11 fastoraard pays szeo cash foc dilvidends. reeord feel collected in whonce in a balance shere ficcount. companys pollcy is to reciond all prepaie mpeniti in a talinct theet accept. Oecenter 14 Fastroniard pays size cach fae supplins. Every jocimal entry must kep the accounting oquation in balance. Prepare the joumal entries for each of the transactions of the Journal entry worksheet On Decenber I, Chas Taylor formis a congulting businest, named fastforwand. Fasterward receives $30,000 cash trom Chas Taylor in erctange for commen stod