Saved piet 2. Problem 1 Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations 10 DO chool April 1 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. April 2 The company prepaid $9,800 cash for 12 months' rent for office space. Wint: Debit Prepaid Rent for 59,000 April 3 The company wade credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days April 6 The company completed services for a client and immediately received $4,000 cash April 9 The company completed a 56,000 project for a client, who must pay within 30 days April 13 The company paid 511,600 cash to settle the account payable created on April 3. April 19 The company pasd $2,400 cash for the premium on 12 month prepaid insurance policy. Mint: Debit Prepaid Insurance for $2,000 April 22 The company received $4,400 cash as partial payment for the work completed on April 9. April 25 The company completed work for another client for 52,890 on credit. April 28 the company paid a $5,500 cash dividende April 29 The company purchased 5600 of additional office supplies on credit. Porile 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 (128). Prepaid Rent (131) Office Equipment (163) Accounts Payable (201)Common Stock (307 Dividends (399 Services Revenue (403, and Utilities Expense (690) 2. Post the journal entries from port to the lodger accounts 3. Prepme a tal balance of April 30 rence Complete this question by entering your answers in the tabs below. Med red2 Hequired Prepare general yumal entries to record these transactions and the following tech (101)Accounts Receivable (100), Office Supplies (124). Prepaid Insurance (128); Prepaid Rent (131), Office Equipment (163); Accounts Payable (201) Common Stock (307) Dividends). Pre (405), and pense (690) View transaction 1 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 fist Book Journal entry worksheet Print 1 2 3 5 6 7 12 Teleconce Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Note: interdetits tetor credits Account Title Debit Dane April 01 Record entry Clearanty View general Journal Me GROW Prev toft Next Type here to search o 0 View transaction list Journal entry worksheet Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Note: Enter debits before credits. Account Title Debit Credit Date April 01 ances 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance Record et View general journal Required 2 Mc GEO View transaction list Journal entry worksheet Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Note: Enter debits before credits. Account Title Debit Credit Date April 01 131: Prepaid rent 163: Office equipment 201: Accounts payable 307: Common stock 319: Dividends Recorded View general Journal Reatireat Required 2 > View transaction list Journal entry worksheet Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. Note: Enter debits before credits. Account Title Debit Credit Date April 01 201: Accounts payable 307: Common stock 319: Dividends 403: Services revenue 690: Utilities expense Record ei View general journal um Required 2 > Prey 1 of 1 SHE Next View transaction list Journal entry worksheet no View transaction list Journal entry worksheet nts The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days. eBook Note: Enter debits before credits Print Account Title Debit Credit Date April 03 References Record entry Clear entry View general journal Required 2 > 1 View transaction list Journal entry worksheet oints Saved 2 Problem View transaction list Journal entry worksheet View transaction list Journal entry worksheet The company paid $11,600 cash to settle the account payable created on April 3. Note: Enter debits before credits, Account Title Debit Credit Date April 13 nces Record entry Clear entry View general journal RE Required 2 > View transaction list Journal entry worksheet 4 1 2 3 5 6 8 12 > ... The company paid $2,400 cash for the premium on a 12-month prepaid insurance policy. -Book Note: Enter debits before credits. Print Date Account Title Debit Credit E April 19 References Record entry Clear entry View general journal Rome Required 2 > View transaction list Journal entry worksheet 9 12 . The company completed work for another client for $2,890 on credit. Note: Enter debits before credits Date Account Title Debit Credit April 25 Record entry Clear entry View general journal Required 2 > View transaction list Journal entry worksheet View transaction list Journal entry worksheet 9 5 6 7 8 9 10 11 12 Saved - 2 Problem View transaction list Journal entry worksheet 9 10 11 is 7 12
