Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. e company prepaid $9,000 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in alance sheet accounts. company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Paymenfs due within 10 days. e company completed services for a client and immediately received $4,000 cash. e company completed a $6,000 project for a client, who must pay within 30 days. e company paid $11,600 cash to settle the account payable created on April 3 e company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid ses in balance sheet accounts company received $4,400 cash as partial payment for the work completed on April 9 company completed work for another client for $2,890 on credit. e company paid $5,500 cash in dividends e company purchased $600 of additional office supplies on credit. e company paid $435 cash for this month's utility bill Descriptions of items that require adjusting entries on April 30, 2017, 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 1 c) Office supplies on hand as of April 30 total $1,200 . 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 f Wages due to employees, but not yet paid, as of April 30 total $2,600 ncome t Retained Stabement Eanings Balance Sheet Imat Ledger Tal Balance co for transactions a E review the snadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or ehe expense anarred. Each 1ustment posted avtomatically to the general ledger and tral balance n 300n as you dick ecord entry Journal entry worksheet On April 2,the company prepaid $,000 ah or e months eer ffice space, Pregare the required adjusting entry, if any On April 2, the company prepaid $9,000 cash for eelve months' rent for office space. Prapare the required adjusting entry, i any. 2 The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy: the policy's coverage began on April 1. Prepare the required adjusting entry, if any 3 Office supplies on hand as of April 30 total $.200. Prepare the required adjusting entry, if any. 4 Straight-line depreciation of office equipment, based on a S-year life and a s4,000 savage value, is $500 per month. Prepare the required adjusting entry. if any 5 The company has completed work for a client, but has not yet billed the $1,800 fee. Prepare the required adjusting entry, if any, 6 Wages due to employees, but not yet paid, as of April 30 total $2,600. Prepare the required adjusting entry, if any. St Retained GeneralTrial Balance Statemant Impact on Balance SheetIncoma Statement Earnings Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances Unadjusted General Ledger Account Accounts receivable Debit Debit Apr 30 59.465 Apr 30 4.490 Office supplies Prepaid insurance Credit Debit Credit 4.200 Apr 30 2400 Apr 30 Prepaid rent Credit Credit Debit Apr 30 Apr 30 34.000 9,000 Debit Credit Apr 30 800 106.000 Services revenue Debit Credit Debit Credit 5,500 Apr 30 Credit Debit Apr 30 435 Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. e company prepaid $9,000 cash for twelve months' rent for office space. The company's policy is record prepaid expenses in alance sheet accounts. company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Paymenfs due within 10 days. e company completed services for a client and immediately received $4,000 cash. e company completed a $6,000 project for a client, who must pay within 30 days. e company paid $11,600 cash to settle the account payable created on April 3 e company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid ses in balance sheet accounts company received $4,400 cash as partial payment for the work completed on April 9 company completed work for another client for $2,890 on credit. e company paid $5,500 cash in dividends e company purchased $600 of additional office supplies on credit. e company paid $435 cash for this month's utility bill Descriptions of items that require adjusting entries on April 30, 2017, 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 1 c) Office supplies on hand as of April 30 total $1,200 . 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 f Wages due to employees, but not yet paid, as of April 30 total $2,600 ncome t Retained Stabement Eanings Balance Sheet Imat Ledger Tal Balance co for transactions a E review the snadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or ehe expense anarred. Each 1ustment posted avtomatically to the general ledger and tral balance n 300n as you dick ecord entry Journal entry worksheet On April 2,the company prepaid $,000 ah or e months eer ffice space, Pregare the required adjusting entry, if any On April 2, the company prepaid $9,000 cash for eelve months' rent for office space. Prapare the required adjusting entry, i any. 2 The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy: the policy's coverage began on April 1. Prepare the required adjusting entry, if any 3 Office supplies on hand as of April 30 total $.200. Prepare the required adjusting entry, if any. 4 Straight-line depreciation of office equipment, based on a S-year life and a s4,000 savage value, is $500 per month. Prepare the required adjusting entry. if any 5 The company has completed work for a client, but has not yet billed the $1,800 fee. Prepare the required adjusting entry, if any, 6 Wages due to employees, but not yet paid, as of April 30 total $2,600. Prepare the required adjusting entry, if any. St Retained GeneralTrial Balance Statemant Impact on Balance SheetIncoma Statement Earnings Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances Unadjusted General Ledger Account Accounts receivable Debit Debit Apr 30 59.465 Apr 30 4.490 Office supplies Prepaid insurance Credit Debit Credit 4.200 Apr 30 2400 Apr 30 Prepaid rent Credit Credit Debit Apr 30 Apr 30 34.000 9,000 Debit Credit Apr 30 800 106.000 Services revenue Debit Credit Debit Credit 5,500 Apr 30 Credit Debit Apr 30 435