Problem 2-1A (Static) Preparing and posting journal entries; preparing a trial balance LO A1, P1

Problem 2-1A (Static) Preparing and posting journal entries; preparing a trial balance LO A1, P1 Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April I Tanner invested $80,000 eash along with office equipnent valued at $26,000 in the coepany in exchange for connon stock. April 2 The company prepaid $9,000 cash for 12 nonths' rent for office space. Bintz Debit prepaid gont for $9,000. Apri1 3 The conpany made eredit purchasee for $8,000 in office equipeent and $3,600 in office supplies. Payment Ia due within 10 days. Aprit 6 The company completed services for a cllent and imrediately received $4,000 eash. April 9 the company completed a $6,000 project for a elient, who nust pay within 30 days. Aprit 13 the company paid $11,600 cash to settle the account payable created on Apri1 3. Apri1 19 The company paid $2,400 cash for the premium on a 12 -month prepaid inaurance policy. Hint; Debit Prepaid Insurance for $2,400. April 22 The company received $4,400 canb an partial paywent for the work comploted on April 9. Apri1 25 the company completed vork for another elient for $2,890 on eredit. April 28 the company paid a $5,500 camh dividend. April 29 the company purchased $600 of additional office supplies on eredit. Apri1 30 The company paild $435 camh for thin nonth's utility bili. 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 joumal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of April 30