Karla Tanner opens a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $80,000 cash along with office equipmont valued at $26,000 in the company. 2 The company prepaid $9,000 cash for 12 months' rent for office space. Wint: Debit Prepaid Rent for $9,000. 3. The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment in duo within 10 days. 6 The company completed services for a client and immediately received $4,000 cash. 9 The company completed a $6,000 project for a client, who must pay within 30 days. 13 The company paid $11,600 cash to settle the account payable created on April 3. 19 The company paid $2,400 cash for the premiun on a 12-month insurance policy. Nint: Debit Prepaid Insurance for $2,400. 22 The company received $4,400 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $2,890 on credit. 28 Tanner withdrew $5,500 cash from the company for personal use. 29 The company purchased $600 of additional office supplies on credit. 30 The company paid $455 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); K. Tanner, Capital (301); K. Tanner. Withdrawals (302): 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 Prepare general Journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Prey 1 of 5 Next > 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); K. Tanner, Capital (301); K. Tanner, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet 1 2 34 5 6 7 8 12 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company Note: Enter debits before credits Date Account Title Debit Credit April 01 Record entry Clear entry View general Journal Journal entry worksheet The company prepaid $9,000 cash for 12 months' rent for office space. Note: Enter debits before credits. Date Account Title Debit Credit April 02 Record entry Clear entry View general journal Journal entry worksheet The company paid $11,600 cash to settle the account payable created on April 3. Note: Enter debits before credits Date Account Title Debit Credit April 13 Record entry Clear entry View general Journal Journal entry worksheet The company received $4,400 cash as partial payment for the work completed on April 9. Note: Enter debits before credits. Date Account Title Debit Credit April 22 Record entry Clear entry View general Journal X Journal entry worksheet 8 12 9 ... nces The company purchased $600 of additional office supplies on credit. Note: Enter debits before credits. Date Account Title Debit Credit April 29 Record entry Clear entry View general journal Journal entry worksheet es
