Satisfy the requirements tab

Rhonda Richards opens a web consulting business called Richards Consulting and completes the following transactions in March.

Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements.

March $1$ Richards invested $$204,000$ cash along with $$23,800$ in office equipment in the company in exchange for common stock.

March $2$ The company prepaid $$10,000$ cash for six months' rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts.

March $3$ The company made credit purchases of office equipment for $$4,800$ and office supplies for $$3,000.$ Payment is due within $10$ days.

March $6$ The company completed services for a client and immediately received $$5,800$ cash.

March $9$ The company completed a $$9,300$ project for a client, who must pay within $30$ days.

March $12$ The company paid $$7,800$ cash to settle the account payable created on March $3.$

March $19$ The company paid $$7,500$ cash for the premium on a $12-$month insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.

March $22$ The company received $$5,600$ cash as partial payment for the work completed on March $9.$

March $25$ The company completed work for another client for $$5,700$ on credit.

March $29$ The company paid $$5,300$ cash in dividends.

March $30$ The company purchased $$800$ of additional office supplies on credit.

March $31$ The company paid $$700$ cash for this month's utility bill.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St Retained$],[$Earnings$]],$Balance Sheet,$\backslash$table$[[$Impact on$],[$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 a 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 Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. If your trial balance doesn't balance, review your journal entries on the general journal tab.

Income Statement T $ab-$ 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 Retained Earnings Tab $-$ Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the retained earnings balance.

Balance Sheet Tab $-$ 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.

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.