help i will rate please explain in an organized way please, thank you
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. Apri1 1 Tanner invested $100,000 cash along with office equiprent valued at $24,000 in the conpany In exehange for common stock. April 2 Fhe conpany prepaid $7,200 cash for 12 nonth' rent for office space. Rint Debit prepald Rent for $7,200. April 3 The company made credit purchases for $12,000 in office equipment and $2,400 in office supplies. Payment is due within 10 days. April 6 The company conpleced services for a elient and imenediately received $2,000 cash. April 9 The company completed a $, 000 project for a elient, who mast pay within 30 dayti. April 13 The conpany paid $14,400 eash to settle the account payable ereated on April 3. Aprd1 19 The company paid $6,000 cash for the premium on a 12 -month prepaid insurance policy, alint: Debit Prepaid Insurance for $6,000. Apri1 22 The company received $6,400 cash as partial paynent for the work conpleted on April 9 . April 25 The company completed work for another elient for $2,640 on credit, April 28 The eompany pald a $6,200 cash dividend. April 29 The conpany purchased $800 of additlonal office supplies on eredit. April 30 The company paid $700 cash for this month's dtility bil1. 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); Common Stock (307); Dividends (319); 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. Complete this question by entering your answers in the tabs below. Apri1 29 The eotpany parchased $800 of additional office aupplios on eredit. hpril 30 The company paid $700 eagh for this month's atility bili. Requiredt 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (105); Office Supplies (124), Prepaid Insurance (128); Prepaid Rent (131), Ofice Equipment (163); Accounts Payable (201;: Common Stock (307); Dividends (319); 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 . Complete this question by entering your answers in the tabs below. Post the journal entries from part 1 to the ledger accounts. 1
