Question: please HELP!!! Karla Tanner opens a web consulting business called Linkworks and completes the following transactions in its first month of operations. Prepare joumal entries

please HELP!!!
please HELP!!! Karla Tanner opens a web consulting business called Linkworks and
completes the following transactions in its first month of operations. Prepare joumal
entries for each transaction and identify the financial statement imipact of each
entry. The financial statements are butomatically generated based on the joumal entries
recorded. April 1 Tanner invested $80,000 cash along with office equipenent valued
at $26, 000 in the conpany in exchange for comnon stock. apri1

Karla Tanner opens a web consulting business called Linkworks and completes the following transactions in its first month of operations. Prepare joumal entries for each transaction and identify the financial statement imipact of each entry. The financial statements are butomatically generated based on the joumal entries recorded. April 1 Tanner invested $80,000 cash along with office equipenent valued at $26, 000 in the conpany in exchange for comnon stock. apri1 2 the coopany prepaid $9,600 cash for 12 months' rent for offlce space. The company's pollcy is to record prepaid expenses in balance sheet accounts. Apri1 3 The coopany nade credit purchases for $8,009 in office equiptent and $3,600 in office-supplies. Payment is due within 10 days. Apri1 6 The conpany conpleted services for a client and inmediately received $4,609 cash. Apri1.9 the company coepleted a $5,009 project for a client, who must pay within 30 days. April 13 The conpany paid $11,660 cosh to settle the account payable created on April 3 . Aprl1 19 The company paid $2,409 cash for the prealum on a 12 -nonth prepald insurance policy. The conpany 's policy is to record prepaid expenses in balance sheet accounts. apri1 22 the company received $4,409 cash as partial payment for the work coapleted on April 9. Aprl1 25 The coepany cotpleted wark for another client for $2,890 an credit. Apell 28 The company pald $5,509 cash in dividends. Apr11 29 The coepany purchased $660 of additional office supplies on credit.. April 3e the conpany paid $435 cash for this month's utility bil1. General Journal Tab - Foc each transaction, prepare the required journal entry on the General Journal tab. List debits before crndits, General Ledger Tab - One of the advantages of general ledger softwate is that posting is done automatically. To see the detal of all transactions that alfect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Ralance Tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledget, along with its balance, either a dobit or a credit. Total dobits 5 hould atways equat total credits. Income statement Tab - The revenue and expense balances from the triat balance appearion the income statement, along with their balance as of the date selected. Ravlew the income statement and indlcate how the income statement is linked to the other finanicial statements. Statement of Retained farnings Tab-Beginning retained earnings plus (minus) net income (loss) for the poriod less: dividends. Review the statement of Retained earnings and indicate how the statement is linkod to the other financlal statements, Balance Sheet Tab - Each asset and liability account balance, as reported on the trial balance, appears on the balance cheet, along with the equity batances Review the balance sheet and then indicate how the balance sheet is linked to the. other financial statements. Financial stotement Tmpact Tab it is irmportant to be able to identify the impact each transaction has of the financial statements, For each of the transactions, indicate the cumulatioc amotant of net income, total assets, totat liabilities and total equity that would appeat on the financiat statements immeifiately after each transaction is recorded. The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you must have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. income statement reports the changes in equity attributable to the operation of the business during a specific time period. renues increase equity, and expenses decrease equity. Review the statement of retained earnings and indicate how the statement is linked to the other financial statements. The balance sheet is the accounting equation: Assets = Lablities + Equaty. Eacr asset andaum arnount from the Statement separately on the balar The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net income (Loss), b) Total Assets, c) Total Labilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first two transactions are completed for you

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