Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations Apr, 1 Tanner invests $10,000 cash along with office equipsent valued at $26,000 in the company in exchange for common Apr. 2 The company prepaid $9,000 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in balance sheet accounts Apr. The company made credit purchases for 50.000 in office equipment and 53,600 in office supplies. Payment is due within 10 days. Apr. The company completed services for a client and immediately received $4.000 cash Apr. The company completed a $6,000 project for a client, who must pay within 30 days Apr 13 The company paid $11,600 cash to settle the account payable created on April 3 Apr 19 The company paid $2,400 cash for the premius on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts. Apr. 22 The company received $4,400 cash as partial payment for the work completed on April 9 Apr 25 The company completed work for another client for $2.898 on credit Apr. 28 The company paid 35,500 cash in dividends. Apr. 29 The company purchased 5600 of additional office supplies on credit Apr 30 The company paid 5435 cash for this month's utility bill. Descriptions of items that require adjusting entries on April 30, follow. a) On April 2. the company prepaid $9,000 cash for twelve months' rent for office space b) The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy the policy's coverage began on April c) Office supplies on hand as of April 30 total $1200 d) Straight-line depreciation of office equipment, based on a 5-year life and a $4,000 salvage value, is $500 per month e) The company has completed work for a client, but has not yet billed the $1,800 fee Wages due to employees, but not yet paid, as of April 30 total $2,600. General Requirement General Trial Balance St Retainee B Coming impact on Ledger e Sheet For transactions al review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click record entry". View transaction lit Journal entry worksheet You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Unadjusted - LINKWORKS Trial Balance April 30, 2017 Account Title Credit Debit 59,465 4.490 4,200 2.400 9.000 34.000 Cash Accounts receivable Police supplies prepaid insurance Prepaid rent Poffice equipment Accounts payable Common stock Dividends Services revenue Utilities expense Total 600 105.000 5.500 12,890 435 1194905 3 1 19.490 General Ledger Income Statement > LINKWORKS Income Statement For Month Ended April 30, 2019 Revenues: Expenses olololol Net income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Show less Unadjusted LINKWORKS Balance Sheet April 30, 2019 ASSETS Plant assets: LIABILITIES AND EQUITY Liabilities: THEO RIN Prey 1 of 2 Next > For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab (Hint: Select unadjusted on the drop-down.) Unadjusted - Account affecting the: Impact on net Hicome Statement Balance Sheet Adjusting entry related to: a) Rent b) Insurance c) Office Supplies d) Dec e) Ubed fees Unpaid wages ( Balance Sheet