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its a double entry question Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations
its a double entry question
Karla Tanner opened a web consulting business called Linkworks and completed 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 12 months'rent for office space. (Hint: Debit PrepaidRent for $9,000 3 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 casl 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: DebitPrepaid 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 Double entry Karla Tanner opened a web consulting business called Linkworks and completed 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 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 supplies payment is due within 10 days 6 The company completed services for a client and immediately received $4,000 cas! 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: DebitPrepaid 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 Step by Step Solution
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