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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 $130,eee

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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 $130,eee cash along with office equipment valued at $31, 200 in the company in exchange for common stock. April 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. April 3 The company made credit purchases for $15,600 in office equipment and $3,120 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 $10,488 project for a client, who must pay within 30 days. April 13 The company paid $18,720 cash to settle the account payable created on April 3. April 19 The company paid $6,eee cash for the premium on a 12-month prepaid insurance policy. Hint: Debit Prepaid Insurance for $6,000 April 22 The company received $8,320 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 The company paid a $6,200 cash dividend. April 29 The company purchased $1,040 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); 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 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 (1319; Office Equipment (163); Accounts Payable (201); Common Stock (307); Dividends (319); Services Revenue (403); and Utilities Expense (690). Prey 1 of 2 Next > CH Required 1 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); Common Stock (307); Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet 2 3 1 4 5 6 7 8 12 Tanner invested $130,000 cash along with office equipment valued at $31,200 in the company in exchange for common stock. Note: Enter debits before credits Date Account Title Debit Credit April 01 Record entry Clear entry View general Journal RE Prey 1 of 2 Next > Post the journal entries from part 1 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Balance Balance Date Date 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 201: Accounts Payable Debit Credit 307: Common Stock Debit Credit Date Balance Balance Date 319: Dividends Debit Credit 403: Services Revenue Debit Credit Date Balance Balance Date 690: Utilities Expense Debit Credit Date Balance Prepare a trial balance as of April 30. 50 points LINKWORKS Trial Balance April 30 Debit Credit eBook Ask Print References Total

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