PLEASE ANSWER THE INCOME STATEMENT AND BALANCE SHEET AND IMPACT ON INCOME!!!!!

Karla Tanner opened 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, 2017, 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 St Retained General Income Impact on Requirement Trial Balance Balance Sheet Statement Ledger Earnings Income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjust balances will appear for each account, based on your selection. Adjusted LINKWORKS Income Statement For Month Ended April 30, 2017 Revenues $ 0 0 Expenses: 0 0 0 S Net income Trial Balance St Retained Earnings Adjusted LINKWORKS Balance Sheet April 30, 2017 ASSETS Current assets: Plant assets: 0 $ 0 LIABILITIES AND EQUITY Liabilities: 0 0 Equity: $ C Show moreV Adjusted Account affecting the: Impact on net income Adjusting entry related to: Income Statement Balance Sheet a) Rent b) Insurance c) Office supplies d) Depreciation e) Unbilled fees f) Unpaid wages 0 Impact on Income> Balance Sheet