Figure 1-Transactions in April 2019 201 Acrounts Payable D01 Cash Month, Day Transaction Tanner invested 500,000 cash along with office equipment valued at S26,000 in the 1. company laalance The company prepaid $9.000 cash for 12 months' rent for office space. (Hint Debit Prepaid Reet for $9.000) The company made credit purchases for $8.000 in office equipment and $3,600 in office supples Payment is due within 10 days. The company completed services for a client and immediately received $4.000 cash The company completed a 56,000 project for a cient, who must pay within 30 days 301 K. Tanner- Capital Balance 106 Accounts Receivables 10 alance 12 Balance 2K. Tanner. Wthdrewas The company paid $11.600 cash to settle the account payable created on Aprl 3 13 124 office Supplies 14 Balance The company paid $2.400 cash for the premium on a 12-month insurance policy 19 (Hint Debit Pepaid Insurance for $2,400.) 401 Service Revenue The company received $4,400 cash as partal payment for the work completed on Aprl 22 17 Balance 128 Prepaid Insurance The company completed work for another clent for $2,090 on credit Tanner withdrew $5.500 cash from the company for personal use 25 alance 28 21 Balance The company purchased $600 of additional office supplies on credit nmes togense 29 1 Pre Paid Rent 23 30 The company paid $435 cash for this month's utility bil Balance 2s alance 26 Complete the Assignment 1 oe tment Prepare general joumal entries to record these ansactions (use account ttes listed in tem 2 below) 2. Open the following ledger accounts-ther account numbers are in parentheses (use the ance balance column fomat) Cash (101) Accounts fRecevable (10) Office upples (124) Prepaid Insurance (128) Prepaid Rent (131 Ofice Equipment (163 41 42 44 pic Figure 1-Transactions in April 2019 201 Acrounts Payable D01 Cash Month, Day Transaction Tanner invested 500,000 cash along with office equipment valued at S26,000 in the 1. company laalance The company prepaid $9.000 cash for 12 months' rent for office space. (Hint Debit Prepaid Reet for $9.000) The company made credit purchases for $8.000 in office equipment and $3,600 in office supples Payment is due within 10 days. The company completed services for a client and immediately received $4.000 cash The company completed a 56,000 project for a cient, who must pay within 30 days 301 K. Tanner- Capital Balance 106 Accounts Receivables 10 alance 12 Balance 2K. Tanner. Wthdrewas The company paid $11.600 cash to settle the account payable created on Aprl 3 13 124 office Supplies 14 Balance The company paid $2.400 cash for the premium on a 12-month insurance policy 19 (Hint Debit Pepaid Insurance for $2,400.) 401 Service Revenue The company received $4,400 cash as partal payment for the work completed on Aprl 22 17 Balance 128 Prepaid Insurance The company completed work for another clent for $2,090 on credit Tanner withdrew $5.500 cash from the company for personal use 25 alance 28 21 Balance The company purchased $600 of additional office supplies on credit nmes togense 29 1 Pre Paid Rent 23 30 The company paid $435 cash for this month's utility bil Balance 2s alance 26 Complete the Assignment 1 oe tment Prepare general joumal entries to record these ansactions (use account ttes listed in tem 2 below) 2. Open the following ledger accounts-ther account numbers are in parentheses (use the ance balance column fomat) Cash (101) Accounts fRecevable (10) Office upples (124) Prepaid Insurance (128) Prepaid Rent (131 Ofice Equipment (163 41 42 44 pic
