Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations. 1 Tanner invested $90,000 cash along with office equipment valued at $21,600 n the company in exchange for April common stock. 2 The company prepaid $7,200 cash for 12 months 3 The company made credit purchases for $10,800 in office equipment and $2,160 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 $7,200 project for a client, who must pay within 30 days. 13 The company paid $12,960 cash to settle the account payable created on April nti Debit Prepaid Insurance rent for office space. (Hint: Debit Prepaid Rent for $7,200.) for $6.000 Paid $6,000 cash for the premium on a 22 The company received $5,760 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 $6,200 cash in dividends. 29 The company purchased $720 of additional office supplies on credit. 30 The company paid $700 cash for this month's utility bill. 12-month insurance policy. (A 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. Tanner invested $90,000 cash along with office equipment valued at $21,600 n the company in exchange 1 for common stock. $21 The company prepaid $7,200 cash for twelve months rent for office space. 2 The company made credit purchases for $10,800 in office equipment and $2,160 in office supplies. Payment is due within 10 days. 3 C The company completed services for a client and immediately received $2,000 cash 4 The company completed a $7,200 project for a client, who must pay within 30 days. $21 The company paid $12,960 cash to settle the account payable created on April 3 6 The company paid $6,000 cash for the premium on a 12- month insurance policy 7 The company received $5,760 cash as for the work completed on April 9 partial payment The company completed work for another client for $2,640 on credit. Credit 10 The company paid $6,200 cash in dividends. The company purchased $720 of additional office supplies 11 on credit. 12 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 folllowing 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 1 2 3 4 5 7 8 12 Tanner invested $90,000 cash along with office equipment valued at $21,600 n the company in exchange for co mmon stock. Note: Enter debits before credits. Date Account Title Debit Credit April 01 Record entry Clear entry View general journal