Karla Tanner opens a web consulting business called Linkworks and completes 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 joumal entries recorded April 1 Tanner invested $80,600 cash along with office equipent valued at $26,000 in the coepany in exchange for comon stock. April 2. The company prepaid $9,600 cash for 12 months' rent for office space. The copany's policy is to record prepaid expenses in balance sheet accounts. April 3 The company made credit purchases for $8,000 in office equipent and $3,600 in affice supplies. Payment is due within 10 days. April 6 The company completed services for a client and imediately received, 54,060cash. April 9 The company completed a $6, 0e0 project for a client, who must pay within 30 days. Aprili 13 The coepany paid $11,660 cash to settle the account payable created on Apri1 3. April 19 the company paid $2,400 cash for the preniun on a 12 -month prepaid insurance poliscy. The conpany's policy is to recard prepaid expenses in bolance sheet accounts. April 22 the cenpany received $4,400 cash as partial paytent for the work completed on April 9. Auril 25 The company copleted work for another client for $2,890 on credit. April 2A The company paid 55,500 cash in dividendv. Mpril 29 The company purchased $600 of additional office supplies on credit. Apri1 3e. The company paid $435 cash for this month's ut ility bi11. View transaction list View journal entry worksheet General Ledger >