Saved Help S Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $130,000 cash along with office equipment valued at $31,200 in 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 $15,600 in office equipment and $3,120 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 $10,400 project for a client, who must pay within 30 days. 13 The company paid $18,720 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 $8,320 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 a $6,200 cash dividend. 29 The company purchased $1,040 of pdditional 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); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Common Stock (307); 71314 (1):1pg 0 Saved He Required 1 Required 2 Required 3 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). View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 12 Tanner invested $130,000 cash along with Gifice equipment valued at $31,200 in the company in exchange for common stock Note: Enter debits before credits Account Title Date April 01 Dobit Credit Record entry Clear entry View general journal 71314 (1) 1pg Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Date Balance Date Balance 124: Office Supplies Debit Credit Date 128: Prepaid Insurance Debit Credit Balance Date Balance 131: Prepaid Rent Debit Credit Date Balance 163: Office Equipment Debit Credit Date Balance Required 1 Required 2 Required 3 U Prepare a trial balance as of April 30. LINKWORKS Trial Balance April 30 50:46 Debit Credit Total Required 2 Route
