FIL e Cic HRI Applicants Job Opportunities Karte Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations Apr 1 Tanner invests 500 cash along with office equest valued at $26,000 in the company in exchange for comenstock Aor. The company prepaid $9,000 for twelve months rent for office space. The company's policy is record prepaid expenses 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies Payment is or within 10 days Apr 6 The company completed services for client and immediately received $4,000 cash 9 The company completed $6.000 project for a client, who must pay within days Apr. 13 The company paid $11,60 cash to settle the account payable created on April 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 54,400 cash as partial payment for the work completed on April 9. hor. The company completed work for another client for 19, on credit Hor. 2 The company paid $5,500 cash in dividends. hor. The company purchased of tonal office woolles on credit. for. The company paid Cath for this month's utility bil. Descriptions of items that require adjusting entries on April 30, follow. On April 2. the company prepaid $9.000 cash for twelve mon rent for office space bi The balance in Prepaid insurance represents the premium paid for a 12 month insurance policy the policy's coverage began on April Orice supplies on hand as of April 30 to $200 Straight line depreciation office equipment, based on a 5-year fe and a $4,000 salvage value is $500 per month . The company has completed work for a client, but has not yet biled the $1500 fee. Wages due to employees, but not yet paid, as of April 30 total $2,600 1 of 2 Next > e to search o View transaction lit Journal entry worksheet On April 2, the company prepaid $9,000 cash for twelve months' rent for office space. Prepare the required adjusting entry, if any. Not: Entrets before credits Account Title Date Apr 30 View general oma Prev 1 of 2 Next > e here to search O 9 View transactions Journal entry worksheet The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy, the policy's coverage began on April 1. Prepare the required adjusting entry, Wary, Note Eberdebts before credits Account Title Date Apr 30 Cross View generala Prev 1 of 21!! Next > bere to search o 9 o View transaction list Journal entry worksheet here to search O OL e E View transaction ist Journal entry worksheet 5 6 Straight line depreciation of office equipment, based on a 5-year life and a $4,000 salvage value is $500 per month. Prepare the required adjusting entry, if any. terdire credits Account the Debit Credit Apr 30 Prev 1 of 2 Next > e here to search View transactions Journal entry worksheet 3 3 4 6 The company has completed work for a dient, but has not yet billed the $1,800 fee. Prepare the required adjusting entry, If any. Account Apr 30 Record entry View general journal Prey 1 of 2 Next > here to search View transactions Journal entry worksheet 5 Wages due to employees, but not yet pald, as of April 30 total $2,600. Prepare the required adjusting entry, if any. ter bits before credits Account Apr 30 Mecondly View general journal 1 of 2 !!! Next > O here to search E
