Problem 2-1A Preparing and posting journal entries; preparing a trial balance LO 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. April 1 Tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for 2 The company prepaid $7,200 cash for 12 months' rent for office space. Wint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $16,200 in office equipment and $3,240 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 $10,800 project for a client, who must pay within 30 days. 13 The company paid $19,440 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 $8,640 cash as partial paynent 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 $1,080 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 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); orice 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). View transaction list Journal entry worksheet 3 1 2 4 5 6 7 8 12 > Tanner invested $135,000 cash along with office equipment valued at $32,400 in 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 > Prey 5 of 6 38 Neyt od 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (1 Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Common Dividends (319); Services Revenue (403); and Utilities Expense (690). d View transaction list Journal entry worksheet Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (20 Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet The company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. Payment is due within 10 days. Note: Enter debits before credits Date Account Title Dobit Credit April 03 Record entry Clear entry View general Journal Required 2 > View transaction list Journal entry worksheet 1 2 3 4 5 7 The company completed services for a client and immediately received $2,000 cash Note: Enter debits before credits. Account Title Dobit Credit Date April 06 Record entry Clear entry View general Journal Required 2 > The company paid $6,000 cash for the premium on a 12-month insurance policy. Note: Enter debits before credits Date Account Title Debit Credit April 19 Record entry Clear entry View general Journal Required 2 > Saved Required 1 Required 2 Required 3 Prepare general Journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable Supplies (124); Prepaid Insurance (128); Prepaid Rent (131), Office Equipment (163); Accounts Payable (201); Comme Dividends (319); Services Revenue (403); and Utilities Expense (690). View transaction list Journal entry worksheet BEBE The company paid a $6,200 cash dividend. es Note: Enter debits before credits. Date Account Title Debit Credit April 28 Record entry Clear entry View general journal Required 2 > ed Required 1 Required 2 Required 3 Prepare a trial balance as of April 30. ok LINKWORKS Trial Balance April 30 Debit Credit nces Total $ 0 $ 0