ces Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations. April 1 Tanner Invested $80,000 cash along with office equipment valued at $26,000 in the company. 2 The company prepaid $9,000 cash for twelve months rent for office space. (Hint: Debit Prepaid Rent for $9,000.) The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,000 cash. The company completed a $6,000 project for a client, who must pay within 30 days. 13 The company paid $11,600 cash to settle the account payable created on April 3. 19 The company paid $2,400 cash for the premium on a 12-month insurance policy. (Mintz Debit Prepaid Insurance for $2,400.) 22 The company received $4,400 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $2,890 on credit. 28 Tanner withdrew $5,500 cash from the company for personal use. 29 The company purchased $600 of additional office supplies on credit. 30 The company paid $435 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) K. Tanner, Capital (301) K Tanner, Withdrawals (302); 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 A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Assets Beginning of the year End of the year $ 60,000 105,000 Liabilities $ 20,000 36,000 a. Owner made no Investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business but withdrew $1,250 cash per month for personal use. c. Owner made no withdrawals during the year but did invest an additional $55,000 cash. d. Owner withdrew $1,250 cash per month for personal use and invested an additional $35,000 cash. Determine the net income earned or net loss incurred by the business during the year for each of the above separate case- (Decreases in equity should be indicated with a minus sign.)