please prepare general journal entries, and a trial balance. thank you
Problem 2-1A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 operations Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of April 1 Tanner invested $110,000 cash along with office equipment valued at $26,400 in 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 $13,200 in office equipment and $2,640 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 $8,800 project for a client, who must pay within 30 days. 13 The company paid $15,840 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 $7,040 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 a $6,200 cash dividend. 29 The company purchased $880 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 Receivable (106Office Supplies (124), Prepaid Insurance (128): Prepaid Rent (131): Office Equipment (163) Accounts Payable (2017: 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 Journal entry worksheet 1.66 points 1 2 3 4 5 6 7 8 ..... 12 > Skipped Tanner invested $110,000 cash along with office equipment valued at $26,400 in the company in exchange for common stock. eBook Note: Enter debits before credits Print References Date April 01 Account Title Debit Credit Record entry Clementy View general journal Required 2 > Complete this question by entering your answers in the tabs below. ped Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. Book Print 101: Cash Debit Credit Date 106: Accounts Receivable Debit Credit Balance Date Balance eferences 124: Office Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance DOLL 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. 166 points Required 1 Required 2 Required 3 Skipped Prepare a trial balance as of April 30. LINKWORKS Trial Balance April 30 Debit Credit
