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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

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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 completed the following transactions in its first month of operations April 1 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company 2. The company prepaid $9.000 cash for 12 months' rent for office space. Mint: Debit Prepaident for 59.000 3. The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is de within 10 days, 6 The company completed services for a client and mediately received $4,000 cash. 9 The company completed a $6.000 project for a client, who wust pay within 30 days. 11 The company paid $11,600 cash to settle the account payable created on April 3. 19 The company paid $2.400 cash for the premium on a 12-month Insurance policy. Hint: Debit Prepaid Insurance for $2.400 22 The company received $4,400 cash as partial payment for the work completed on April 9. 25 The company completed work for another client for $2,690 on credit 28 Tanner withdrew $5,5e cash from the company for personal use. 29 The company purchased $600 of additional office supplies on credit. 30 The company paid $435 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 (129). Prepaid Rent (131): Office Equipment (163). Accounts Payable (201). K Tanner, Capital (301): K Tanner. Withdrawals (302) Services Revenue (403), and Utilities Expense 1690) 2. Post the journal entries from part 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 Prepare general journal entries to record these transactions using the following title: Cash (101): Accounts Receivable (106): office Supplies (129): Prepaid Insurance (128); Prepaid Rent (131), Office Equipment (163); Accounts Payable (201); K. Tannes Capital (301) K. Tanner, withdrawals (302): Services Revenue (403): and Utilities Expense (690) View transaction list Journal entry worksheet

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