ABC Capital opens a consulting business called ABC Company and completes the following transactions in its first month of operations April 1 ABC Capital invested $145, 000 cash along with office equipment valued at $34, 800 in the company 2 The company prepaid $7,200 cash for twelve months' rent for office space. (Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $17,400 in office equipment and $3, 480 in office supplies. Payment is due within 10 days 6 The company completed services for a client and immediately received $2,000 cash 9 The company completed a $11, 600 project for a client, who must pay within 30 days 13 The company paid $20, 880 cash to settle the account payable created on April 3 19 The company paid $6, 000 cash for the premium on a 12-month insurance policy (Hint: Debit Prepaid Insurance for $6,000.) 22 The company received $9,280 cash as partial payment for the work completed on April 9 25 The company completed work for another client for $2,640 on credit. 28 ABC Capital withdrew $6, 200 cash from the company for personal use 29 The company purchased $1,160 of additional office supplies on credit. 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); ABC Capital, Capital (301) ABC Capital (K.Tanner), Withdrawals (302); Services Revenue (403); and Utilities Expense (690) 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); ABC Capital, Capital (301); ABC Capital (K. Tanner), Withdrawals (302); Services Revenue (403); and Utilities Expense (690) View transaction list Journal entry worksheet 12 Tanner invested $145,000 cash along with office equipment valued at $34,800 in the company. Note: Enter debits before credits. Date Account Title Debit Credit April 01