Preparing and posting journal entries; preparing a trial balance C3 C4 A1 P1 P2 Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations. 6 9 Tanner invested $80,000 cash along with office equipment valued at $26,000 Apr. 1 in the company in exchange for common stock. The company prepaid $9,000 cash for 12 months' rent for office space. 2 (Hint: Debit Prepaid Rent for $9,000.) The company made credit purchases for $8,000 in office equipment and $3,600 3 in office supplies. Payment is due within 10 days. The company completed services for a client and immediately received $4,000 cash. The company completed a $6,000 project for a client, who must pay within 30 days. The company paid $11,600 cash to settle the account payable created on April 13 3. The company paid $2,400 cash for the premium on a 12-month insurance 19 policy. (Hint: Debit Prepaid Insurance for $2,400.) The company received $4,400 cash as partial payment for the work completed 22 on April 9. 25 The company completed work for another client for $2,890 on credit. 28 The company paid $5,500 cash in dividends. 29 The company purchased $600 of additional office supplies on credit. 30 The company paid $435 cash for this month's utility bill. 1. Record each transaction using T accounts using the account titles and account numbers listed in 2). 2. Open the following ledger accounts--their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (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). Post journal entries from part 1 to the ledger accounts and enter the balance after each posting. Check (2) Ending balances: Cash, $59,465; Accounts Receivable, $4,490; Accounts Payable, 5600 3. Prepare a trial balance as of April 30. cash as part