Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations.

April

$1$

$$Tanner invested $

$1$

$4$

$0$

$,$

$0$

$0$

$0$

$$cash along with office equipment valued at $

$3$

$3$

$,$

$6$

$0$

$0$

$$in the company in exchange for common stock.

April

$2$

$$The company prepaid $

$7$

$,$

$2$

$0$

$0$

$$cash for

$1$

$2$

$$months

$$

$$rent for office space. Hint: Debit Prepaid Rent for $

$7$

$,$

$2$

$0$

$0$

$.$

April

$3$

$$The company made credit purchases for $

$1$

$6$

$,$

$8$

$0$

$0$

$$in office equipment and $

$3$

$,$

$3$

$6$

$0$

$$in office supplies. Payment is due within

$1$

$0$

$$days$.$

April

$6$

$$The company completed services for a client and immediately received $

$2$

$,$

$0$

$0$

$0$

$$cash$.$

April

$9$

$$The company completed a $

$1$

$1$

$,$

$2$

$0$

$0$

$$project for a client, who must pay within

$3$

$0$

$$days$.$

April

$1$

$3$

$$The company paid $

$2$

$0$

$,$

$1$

$6$

$0$

$$cash to settle the account payable created on April

$3$

$.$

April

$1$

$9$

$$The company paid $

$6$

$,$

$0$

$0$

$0$

$$cash for the premium on a

$1$

$2$

$-$

month prepaid insurance policy. Hint: Debit Prepaid Insurance for $

$6$

$,$

$0$

$0$

$0$

$.$

April

$2$

$2$

$$The company received $

$8$

$,$

$9$

$6$

$0$

$$cash as partial payment for the work completed on April

$9$

$.$

April

$2$

$5$

$$The company completed work for another client for $

$2$

$,$

$6$

$4$

$0$

$$on credit.

April

$2$

$8$

$$The company paid a $

$6$

$,$

$2$

$0$

$0$

$$cash dividend.

April

$2$

$9$

$$The company purchased $

$1$

$,$

$1$

$2$

$0$

$$of additional office supplies on credit.

April

$3$

$0$

$$The company paid $

$7$

$0$

$0$

$$cash for this month

$$

s utility bill.

Required:

Prepare general journal entries to record these transactions using the following titles: Cash

$($

$1$

$0$

$1$

$)$

; Accounts Receivable

$($

$1$

$0$

$6$

$)$

; Office Supplies

$($

$1$

$2$

$4$

$)$

; Prepaid Insurance

$($

$1$

$2$

$8$

$)$

; Prepaid Rent

$($

$1$

$3$

$1$

$)$

; Office Equipment

$($

$1$

$6$

$3$

$)$

; Accounts Payable

$($

$2$

$0$

$1$

$)$

; Common Stock

$($

$3$

$0$

$7$

$)$

; Dividends

$($

$3$

$1$

$9$

$)$

; Services Revenue

$($

$4$

$0$

$3$

$)$

; and Utilities Expense

$($

$6$

$9$

$0$

$)$

$.$

Post the journal entries from part

$1$

$$to the ledger accounts.

Prepare a trial balance as of April

$3$

$0$

$.$