ts eBook Print eferences Karla Tanner opened a Web

Last updated: 8/23/2023

ts eBook Print eferences Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested 125 000 cash along with office equipment valued at 30 000 in the company in exchange for common stock April 2 April 3 April 6 April 9 April 13 April 19 The company prepaid 7 200 cash for 12 months rent for office space Hint Debit Prepaid Rent for 7 200 The company made credit purchases for 15 000 in office equipment and 3 000 in office supplies Payment is due within 10 days The company completed services for a client and immediately received 2 000 cash The company completed a 10 000 project for a client who must pay within 30 days The company paid 18 000 cash to settle the account payable created on April 3 The company paid 6 000 cash for the premium on a 12 month prepaid insurance policy Hint Debit Prepaid Insurance for 6 000 The company received 8 000 cash as partial payment for the work completed on April 9 April 22 April 25 The company completed work for another client for 2 640 on credit April 28 The company paid a 6 200 cash dividend April 29 The company purchased 1 000 of additional office supplies on credit April 30 The company paid 700 cash for this month s utility bill Required 1 Prepare general journal entries to record these transactions using the following titles Cash 101 Accounts Receivable 106 Office Supplies 124 Prepaid Insurance 128 Prepaid Rent 131 Office Equipment 163 Accounts Payable 201 Common Stock 307 Dividends 319 Services Revenue 403 and Utilities Expense 690 2 Post the journal entries from part 1 to the ledger accounts 3 Prepare a trial balance as of April 30 tion by entering your answers in the tabs below Check my