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Preparing and posting journal entries; preparing a trial balance P 1 A 1 Karla Tanner opened a web consulting business called Linkworks and completed the
Preparing and posting journal entries; preparing a trial balance P A Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations. Apr. Tanner invested $ cash along with office equipment valued at $ in the company in exchange for common stock. The company prepaid $ cash for months' rent for office space. Hint: Debit Prepaid Rent for $ The company made credit purchases for $ in office equipment and $ in office supplies. Payment is due within days. The company completed services for a client and immediately received $ cash. The company paid $ cash to settle the account payable created on April The company paid $ cash for the premium on a month prepaid insurance policy. Hint: Debit Prepaid Insurance for $ The company received $ cash as partial payment for the work completed on April The company completed work for another client for $ on credit. The company paid a $ cash dividend. The company purchased $ of additional office supplies on credit. The company paid $ cash for this month's utility bill. Required Required Prepare general journal entries to record these transactions use account titles listed in part Open the following ledger accountstheir account numbers are in parentheses use the balance column format: Cash ; Accounts Receivable ; Office Supplies ; Prepaid Insurance ; Prepaid Rent ; Office Equipment ; Accounts Payable ; Common Stock ; Dividends ; Services Revenue ; and Utilities Expense Post journal entries from part to the ledger accounts and enter the balance after each posting. Prepare a trial balance as of April Check Ending balances: Cash, $; Accounts Receivable, $; Accounts Payable, $ Total debits, $
Preparing and posting journal entries; preparing a trial balance
P A
Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations.
Apr. Tanner invested $ cash along with office equipment valued at $ in the company in exchange for common stock.
The company prepaid $ cash for months' rent for office space. Hint: Debit Prepaid Rent for $
The company made credit purchases for $ in office equipment and $ in office supplies. Payment is due within days.
The company completed services for a client and immediately received $ cash.
The company paid $ cash to settle the account payable created on April
The company paid $ cash for the premium on a month prepaid insurance policy. Hint: Debit Prepaid Insurance for $
The company received $ cash as partial payment for the work completed on April
The company completed work for another client for $ on credit.
The company paid a $ cash dividend.
The company purchased $ of additional office supplies on credit.
The company paid $ cash for this month's utility bill.
Required
Required
Prepare general journal entries to record these transactions use account titles listed in part
Open the following ledger accountstheir account numbers are in parentheses use the balance column format: Cash ; Accounts Receivable ; Office Supplies ; Prepaid Insurance ; Prepaid Rent ; Office Equipment ; Accounts Payable ; Common Stock ; Dividends ; Services Revenue ; and Utilities Expense Post journal entries from part to the ledger accounts and enter the balance after each posting.
Prepare a trial balance as of April
Check Ending balances: Cash, $; Accounts Receivable, $; Accounts Payable, $
Total debits, $
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