Question: Problem 2-1A (Algo) Preparing and posting journal entries; preparing a trial balance LO A1, P1 Karla Tanner opened a Web consulting business called Linkworks and



Problem 2-1A (Algo) 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: counon stock. due within 10 days. Apr 116 The company completed aervices for a client and immediately received $2,000 cash. Apri1 9 The company completed a $11,200 project for a elient, who mus pay within 30 days. April 13 the company paid $20,160 cash to settle the account payable oreated on Apri1. Inaurance for 55,000 . April 22. The company received $8,960 eash as partial payment for the work completed on April 9. April 25 The company completed work for another olient for $2,640 on eredit. Aprit 28 The eompany paid a $6,200 eash dividend. Aprit 29 the company purchased $1,120 of additional office supplies on eredit. April 30 The company paid $700 cash for this month's utility bill. Required: 1. Prepare general joumal entries to record these transactions uling 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. 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 Sto (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. Prepare a trial balance as of April 30
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