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Can you please help me complete the impact on income form? Thank you Karla Tanner opened a web consulting business called Linkworks and recorded the

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Can you please help me complete the impact on income form? Thank you

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Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its rst month of operations. Apr. 1 Tanner invests $30,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Apr. 2 The company prepaid $9,000 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 3 The company made credit purchases for $3,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. Apr. 6 The company completed services for a client and immediately received $4,000 cash. Apr. 9 The company completed a $6,000 project for a client, who must pay within 30 days. Apr. 13 The company paid $11,600 cash to settle the account payable created on April 3. Apr. 19 The company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received $4,400 cash as partial payment for the work completed on April 9. Apr. 25 The company completed work for another client for $2,090 on credit. Apr. EB The company paid $5,500 cash in dividends. Apr. 29 The company purchased $600 of additional office supplies on credit. Apr. 30 The company paid $035 cash for this month's utility bill. Descriptions of Items that require adjusting entries on April 30, follow. a] On April 2, the company prepaid $9,000 cash for twelve months' rent for office space. b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April 'I. c) Oioe supplies on hand as oprril 30 total $1.200. d) Straight-line depreciation of office equipment. based on a 5-year life and a $4.000 salvage value. is $500 per month. e) The company has completed work for a client, but has not yet billed the $1,800 fee. f] Wages due to em ployees. but not yet paid. as of April 30 total $2,600. Requirement General General Impact on Ledger Trial Balance Income St Retained Journal Statement Earnings Balance Sheet Income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less A Adjusted Account affecting the: Impact on net Adjusting entry related to: Income Statement Balance Sheet income a) Rent b) Insurance c) Office supplies d) Depreciation e) Unbilled fees f) Unpaid wages

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