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Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations April 1 Tanner invested $140,000

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Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations April 1 Tanner invested $140,000 cash along with office equipment valued at $33,600 n the company in exchange for common stock 2 The company prepaid $7,200 cash for 12 months' rent for office space. (Hint: Debit Prepaid Rent for $7,200.) 3 The company made credit purchases for $16,800 in office equipment and $3,360 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 $11,200 project for a client, who must pay within 30 days. 13 The company paid $20,160 cash to settle the account payable created on April 3. 19 The company paid $6,000 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $6,000.) 22 The company received $8,960 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 $1,120 of additional office supplies on credit. 30 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 Receivabid (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 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 115,000 Date Balance 106: Accounts Receivable Debit Credit 9,200 7,360 2,640 cos 7,200 9,200 1,840 4,480 April 22 April 25 2,000 Date April 01 April 02 April 06 April 13 April 19 April 22 April 28 April 30 16,560 6,000 Balance 115,000 107,800 109,800 93,240 87.240 94,600 88.400 87,700 7,360 6,200 700 124: Office Supplies Debit Credit 2,760 920 Date Date April 03 April 29 Balance 2,760 3,680 128: Prepaid Insurance Debit Credit 6,000 April 19 Balance 6,000 Date 131: Prepaid Rent Debit Credit 7,200 Balance 7,200 Date April 01 April 03 163: Office Equipment Debit Credit 27,600 13,800 Balance 27,000 41,400

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