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. jan. 1 kacy spade, owner, invested $100,750 cash in the company in exchange for common stock. jan. 2 the company purchased office supplies for $1,250 cash. jan. 3 the company purchased $10,050 of office equipment on credit. jan. 4 the company received $15,500 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 3.jan. 6 the company billed a customer $2,700 as fees for services provided. jan. 7 the company paid $1,225 cash for the monthly rent. jan. 8 the company collected $1,125 cash as partial payment for the account receivable created on january 6.jan. 9 the company paid $10,000 cash in dividends to the owner (sole shareholder).