Karla Tanner opens a web consulting business called Linkworks and recorded the following transactions in its first month of operations.
Apr. 1	Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.
Apr. 2	The company prepaid $9,000 cash for twelve months rent for office space. The company's policy is record prepaid expenses in balance sheet accounts.
Apr. 3	The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days.
Apr. 6	The company completed services for a client and immediately received $4,000 cash.
Apr. 9	The company completed a $6,000 project for a client, who must pay within 30 days.
Apr. 13	The company paid $11,600 cash to settle the account payable created on April 3.
Apr. 19	The company paid $2,400 cash for the premium on a 12-month insurance policy. The company's policy is record prepaid expenses in balance sheet accounts.
Apr. 22	The company received $4,400 cash as 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.
Apr. 30	The company paid $435 cash for this months utility bill.
Descriptions of items that require adjusting entries on April 30, 2015, follow.
a)	On April 2, the company prepaid $9,000 cash for twelve months' rent for office space.
b)	The balance in Prepaid insurance represents the premium paid for a 12-month insurance policy; the policy's coverage began on April 1.
c)	Office supplies on hand as of April 30 total $1,200.
d)	Straight-line depreciation of office equipment, based on a 5-year life and a $4,000 salvage value, is $500 per month.
e)	The company has completed work for a client, but has not yet billed the $1,800 fee.
f)	Wages due to employees, but not yet paid, as of April 30 total $2,600. General Journal tab -For each transaction, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the general ledger and trial balance for accuracy. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Trial Balance tab - You may view either the unadjusted or adjusted trial balance by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Statement of Retained Earnings tab - The unadjusted or adjusted balances will appear for each account, based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Impact on Income tab -For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the dropdown.) .