Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $120,000 cash along with office equipment valued at $28,800 in the company. April 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. April The company made credit purchases for $14,400 in office equipment and $2,880 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 $9,600 project for a client, who must pay within 30 days. April 13 The company paid $17,280 cash to settle the account payable created on April 3. April 19 The company paid $6,000 cash for the premium on a 12-month prepaid insurance policy. Hint: Debit Prepaid Insurance for $6,000. April 22 The company received $7,680 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $2,640 on credit. April 28 Tanner withdrew $6,200 cash from the company for personal use. April 29 The company purchased $960 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); K. Tanner, Capital (301), K. Tanner, Withdrawals (302); 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. Required 11 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); K. Tanner, Capital (301); K. Tanner, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Tanner invested $120,000 cash along with office equipment valued at $28,800 in the company. Note: Enter debits before credits. Date April 01 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 ... 12 The company prepaid $7,200 cash for 12 months' rent for office space. Note: Enter debits before credits. Date April 02 Account Title Debit Credit Record entry Clear entry View general journal archi 4 22 Journal entry worksheet < 1 2 4 5 6 7 8 12 The company made credit purchases for $14,400 in office equipment and $2,880 in office supplies. Payment is due within 10 days. Note: Enter debits before credits. Date April 03 Account Title Debit Credit Record entry Clear entry 49 2 3 #m M S 71 DII PS $ % 5 View general journal < Prev 4 of 5 Next > 16 prt se hor 18 89 F10 < 6 &7 7 8 61 9 E R T Y U 1 D LL F G H J K Journal entry worksheet < 1 2 3 5 6 7 8 12 The company completed services for a client and immediately received $2,000 cash. Note: Enter debits before credits. Date April 06 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8..... 12 The company completed a $9,600 project for a client, who must pay within 30 days. Note: Enter debits before credits. Date April 09 Account Title Debit Credit Record entry Clear entry View general journal 30 es Journal entry worksheet < 1 2 3 5 7 8 ..... 12 The company paid $17,280 cash to settle the account payable created on April 3. Note: Enter debits before credits. Date April 13 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 . 12 The company paid $6,000 cash for the premium on a 12-month prepaid insurance policy. Note: Enter debits before credits. Date April 19 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 CO 12 The company received $7,680 cash as partial payment for the work completed on April 9. Note: Enter debits before credits. Date April 22 Account Title Debit Credit Record entry Clear entry View general journal < 1 ... 4 5 6 7 8 9 12 The company completed work for another client for $2,640 on credit. Note: Enter debits before credits. Date April 25 Account Title Debit Credit Record entry Clear entry View general journal 1 ... 5 6 7 8 9 10 10 Tanner withdrew $6,200 cash from the company for personal use. 12 Note: Enter debits before credits. Date April 28 Account Title Debit Credit Record entry Clear entry View general journal Journal City W < 1 5 6 7 8 10 11 12 > The company purchased $960 of additional office supplies on credit. Note: Enter debits before credits. Date April 29 Account Title Debit Credit Record entry Clear entry View general journal < 1 5 6 7 8 9 10 The company paid $700 cash for this month's utility bill. Note: Enter debits before credits. Date April 30 11 12 Account Title Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounts Receivable 3:51 Date Debit Credit Balance Date: Debit Credit Balance ces 124: Office Supplies Date Debit Credit Balance Date 128: Prepaid Insurance Debit Credit Balance 124: Office Supplies Date Debit Credit Balance Date 131: Prepaid Rent Date Debit Credit Balance Date Date 128: Prepaid Insurance Debit Credit Balance 163: Office Equipment Debit Credit Balance 201: Accounts Payable 301: K. Tanner, Capital Debit Credit Balance Date Debit Credit Balance Date 302: K. Tanner, Withdrawals Debit Credit Balance Date 690: Utilities Expense Date Debit Credit Balance. 403: Services Revenue Debit Credit Balance k 28:04 ok t nces Prepare a trial balance as of April 30. LINKWORKS Trial Balance April 30 Debit Credit Total $ 0 $ < Required 2 Required 3 >