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