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Kari Tanner opened a web consulting business called Linkwors and recorded the following transactions in its first month of operations. ART Thonor savests sont cash
Kari Tanner opened a web consulting business called Linkwors and recorded the following transactions in its first month of operations. ART Thonor savests sont cash along with office equipment valued at $26, are in the company in exchange for common stock, or the company prepaid $2,000 cash for the month rent for office space. The company's policy is record a d extes in balance sheet accounts Apr. The company was credit purchases for s i n offici ent and $3,60 in office supplies, Payet is due within pr. The company completed victor i an mediately received cash The company completed project for client who must pay within 3 days Apr 13 The con paid $11,00 ht t le the account peste created on April 3. pr. 19 The company at 12, the thr o n 12-t r ance policy. The company's policy is record prepaid Dentes in balance sheet accounts Io. 22 They received h i p for the conted on April 9 Apr 25 The company completed work for another client for $2. e on credit. Kor. 2 The .ch divided 29 The purchased tinalo on credit. r. The conany paid 545 cath for this month's vtility bill Descriptions of items that require adjusting entries on April 30, follow as On April the company prepaid $9,000 cash for twelve monthsirent for office space. by The Dance in Prepaid insurance represents the premium paid for 12 month insurance policy the polley's coverage began on Art $500 per month c Office supplies on hand as of April 30 total $1200 di Straight-ine depreciation of office equipment based on a Me and a $4,000 salvage value el The company has completed work for a dient, but has not yet billed the sto fee. f wages due to employees, but not yet paid, as of April 30 total 5,600 Requirement General Journal Cane Ledger Blanc Stanede Eam Sheet Impact on For each adjustment indicate the income statement and balance sheet account affected, and the impact on netic adjustment caused net income to decrease enter the amount as a negative Net income before adjustments can be found on the incom statement tablint Select unadjusted on the drop-down Adjusted
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