ET A ting paring a Karla Tanner opened a web consulting business called Linkworks and completed the following transar tions in its first month of operations. Apr. 1 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. 2 The company prepaid $9,000 cash for 12 months' rent for office space. (Hint: Debit Prepaid Rent for $9,000.) 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office sup- plies. Payment is due within 10 days. 6 The company completed services for a client and immediately received $4,000 cash. 9 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. (Hint: Debit Prepaid Insurance for $2,400.) 1 P2 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 The company paid $5,500 cash in dividends. 29 The company purchased $600 of additional office supplies on credit. 30 The company paid $435 cash for this month's utility bill