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Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations. Apr. 1 Tanner invested $
Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations.
Apr. Tanner invested $ cash along with office equipment valued at $ in the company in exchange for common stock.
The company prepaid $ cash for months' rent for office space. Hint: Debit Prepaid Rent for $
The company made credit purchases for $ in office equipment and $ in office supplies. Payment is due within
days.
The company completed services for a client and immediately received $ cash.
The company completed a $ project for a client, who must pay within days.
The company paid $ cash to settle the account payable created on April
The company paid $ cash for the premium on a month prepaid insurance policy. Hint: Debit Prepaid Insurance for
$
The company received $ cash as partial payment for the work completed on April
The company completed work for another client for $ on credit.
The company paid a $ cash dividend.
The company purchased $ of additional office supplies on credit.
The company paid $ cash for this month's utility bill.
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