Problem 2-1A Preparing and posting journal entries; preparing a trial balance LO C3, C4, A1, P1, P2 Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations. April 1 Tanner invested $100,000 cash along with office equipment valued at $24,000 n 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 $12,000 in office equipment and $2.400 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 $8,000 project for a client, who must pay within 30 days. 13 The company paid $14,400 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 $6,400 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 $6,200 cash in dividends. 29 The company purchased $800 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 (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). 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. Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 401. Cash 106. Accounts Receivable Journal entry worksheet 1 2 3 4 5 12 > Tanner invested $100,000 cash along with office equipment valued at $24,000 n the company in exchange for common stock. Note: Enter debits before credits. Account Title Debit Credit Date April 01 Record entry Clear entry View general journal Required 2 >