Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $95,000 cash along with office equipment valued at $22,800 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $11,400 in office equipment and $2,280 in office supplies. Payment is due within 10 days. 6 The company completed services for a client and immediately received $2,000 cash. 9 The company completed a $7,500 project for a client, who must pay within 30 days. 13 The company paid $13,680 cash to settle the account payable created on April 3. 19 The company paid $6,000 cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $6,000. 22 The company received $6,080 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $2,640 on credit. 28 The company paid a $6,200 cash dividend. 29 The company purchased $760 of additional office supplies on credit. 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. Journal entry worksheet 7 6 5 8 12 Journal entry worksheet 1 2 3 4 5 6 7 8 12 The company made credit purchases for $11,400 in office equipment and $2,280 in office supplies. Payment is due within 10 days. Note: Enter debits before credits. Date Account Title Debit Credit April 03 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 ... 12 The company completed services for a client and immediately received $2,000 cash. Note: Enter debits before credits. Date Account Title Debit Credit April 06 Record entry Clear entry View general journal Journal entry worksheet 1 2 12 3 4 5 6 ... 7 8 The company completed a $7,600 project for a client, who must pay within 30 days. Note: Enter debits before credits. Debit Credit Date Account Title April 09 Record entry Clear entry View general journal Reouired Required 2 > View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 ... The company paid $13,680 cash to settle the account payable created on April 3. Note: Enter debits before credits. Date Account Title Debit Credit April 13 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 CO 7 8 ### 12 The company paid $6,000 cash for the premium on a 12-month insurance policy. Note: Enter debits before credits. Date Account Title Debit Credit April 19 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 . > 12 The company received $6,080 cash as partial payment for the work completed on April 9. Note: Enter debits before credits. Date Account Title Debit Credit April 22 Record entry Clear entry View general journal Journal entry worksheet 4 1 5 6 > 7 8 9 12 The company completed work for another client for $2,640 on credit. Note: Enter debits before credits. Date Account Title Debit Credit April 25 Record entry Clear entry View general journal Journal entry worksheet 7 8 5 9 11 10 1 12 The company paid a $6,200 cash dividend. Note: Enter debits before credits. Debit Credit Date Account Title April 28 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet 1 5 6 7 8 9 10 11 12 The company paid $700 cash for this month's utility bill. Note: Enter debits before credits. Date Account Title Debit Credit April 30 Record entry Clear entry View general journal Prev 1 of 8 E Next > Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $95,000 cash along with office equipment valued at $22,800 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $11,400 in office equipment and $2,280 in office supplies. Payment is due within 10 days. 6 The company completed services for a client and immediately received $2,000 cash. 9 The company completed a $7,6ee project for a client, who must pay within 30 days. 13 The company paid $13,680 cash to settle the account payable created on April 3. 19 The company paid $6,eee cash for the premium on a 12-month insurance policy. Hint: Debit Prepaid Insurance for $6,000. 22 The company received $6,080 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $2,640 on credit. 28 The company paid a $6,200 cash dividend. 29 The company purchased $760 of additional office supplies on credit. 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 **************** ****************************************** Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Date Balance Balance Date Prev 1 of 8 FEE Next > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of April 30. LINKWORKS Trial Balance April 30 Debit Credit Total