Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of operations ADS Tanner invests $80 000 cash along with ith office equipment valued at $26000 in the company in exchange for common stock ADS . 2 The company prepaid $ 9000 cash for twelve months rent for office space . The company's policy is record prepai s record prepaid expenses in balance sheet accounts Apt . 3 The company made credit purchases for $8090 in office equipment and $ 3 . 600 in office supplies . Payment i office supplies . P it is due within 10 days . ADD The company complet leted services for a client and immediately received $4 000 cash APT . 9 The company completed a $6000 project for a client who must pay within 30 days APR . 13 The company paid $1 1 600 cash to settle the account payable created on April Apr 19 The company paid $2 400 cash for the premium an a 12 - month insurance policy . The company's policy is record prepaid expenses in balance shee sheet accounts APT . 22 The company received $4 400 cash as partial shas partial payment for the work completed on April 9 APR 25 The company completed work for another client for $2 890 on credit . Apr . 28 The company paid $5 , 500 cash in dividends . Apr . 29 The company purchased $600 of additional office supplies on credit . Apt . 30 The company paid $435 cash for this month's utility bill