Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. cos April 1 Tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. April 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. April 3 The company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received $2,000 cash. April 9 The company completed a $10,800 project for a client, who must pay within 30 days. April 13 The company paid $19,440 cash to settle the account payable created on April 3. April 19 April 22 The company paid $6,000 cash for the premium on a 12-month prepaid insurance policy. Hint: Debit Prepaid Insurance for $6,000. The company received $8,640 cash as partial payment for the work completed on April 9.1 April 25 The company completed work for another client for $2,640 on credit. April 28 The company paid a $6,200 cash dividend. April 29 The company purchased $1,080 of additional office supplies on credit. April 30 The company paid $700 cash for this month's utility bill. 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. Required 1 Required 2 Required 3 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). View transaction list Journal entry worksheet 1 34 5 6 7 12 Tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 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). View transaction list Journal entry worksheet 2 3 4 5 6 7 8 12 Tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. Note: Enter debits before credits. Date April 011 Account Title Debit Credit ^ Record entry Clear entry View general journal Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance Date 124: Office Supplies Debit Credit Balance Date 128: Prepaid Insurance Debit Credit Balance 131: Prepaid Rent 163: Office Equipment Date Debit Credit Balance Date Debit Credit Balance Date 201: Accounts Payable Debit 307: Common Stock Credit Balance Date Debit Credit Balance Date 319 Dividends Debit Credit Balance Date 403: Services Revenue Debit Credit Balance Date 690: Utilities Expense Debit Credit Balance Prepare a trial balance as of April 30. LINKWORKS Trial Balance April 30 Total Debit Credit