Karla Tanner opens a Web consulting business called Linkworks and complete the following transactions in its first month of operations. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the journal entries recorded.

The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first two transactions are completed for you! Show less Total Equity Total Transaction: Net Income Total Assets Liabilities income Where can you go to find each of your answers? Balance sheet Balance sheet Balance sheet statement Apri 1 Tanner invested $80.000 cash along with office equipment valued at $26.000 in the company $ 0 $ 106,000 $ 0 $ 106,000 in exchange for common stock April 2 The company prepaid $9,000 cash for 12 months rent for office space. The company's policy is 106,000 0 106,000 record prepaid expenses in balance sheet accounts April 3 The company made credit purchases for 58,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. April 6 The company completed services for a client and immediately received $4.000 cash April 9 The company completed a $6,000 project for a client, who must pay within 30 days. April 13 The company paid 511,600 cash to settle the account payable created on April 3 April 19 The company paid $2.400 cash for the premium on a 12-month prepaid insurance policy The company's policy is to record prepaid expenses in balance sheet accounts April 22 The company received $4,400 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for $2.890 on credit April 28 The company paid $5,500 cash in dividends Apri 29 The company purchased $600 of additional office supplies on credit April 30 The company paid $435 cash for this month's utility bill