Question

General Journal General Ledger St Owners Equity Income Trial Balance Statement Balance Sheet FS Impact Requirement The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for you! for ou Show less? Total Transaction: Total Assets Liabilities Net Income Total Equity Balance sheetBalance sheet Balance sheet 0 160,750 Where can you go to find each of your answers? ncome statement Jan. 1 - Rick Mitchell, owner, invested $160,750 cash in the company Jan. 2 - The company purchased office supplies for $3,250 cash Jan. 3 - The company purchased $10,050 of office equipment on credit. Jan. 4 - The company received $19,500 cash as fees for services provided to a customer Jan. 5 - The company paid $10,050 cash to settle the payable for the office equipment purchased on January 0 160,750 160,750 10,050 160,750 Jan. 6 - The company billed a customer $4,700 as fees for services provided Jan. 7 - The company paid $3,225 cash for the monthly rent Jan. 8 - The company collected $2,625 cash as partial payment for the account receivable created on January Jan. 9 - Rick Mitchell withdrew $12,900 cash from the company for personal use < Balance Sheet FS Impact

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Answer #1
Transaction: Net Income Total Assets Total Liabilities Total Equity
Income Statement Balance Sheet Balance Sheet Balance Sheet
Jan. 1 0 160750 0 160750
Jan. 2 0 160750 0 160750
Jan. 3 0 170800 10050 160750
Jan. 4 19500 190300 10050 180250
Jan. 5 19500 180250 0 180250
Jan. 6 24200 184950 0 184950
Jan. 7 20975 181725 0 181725
Jan. 8 20975 181725 0 181725
Jan. 9 20975 168825 0 168825
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