Problem 2-1A Preparing and posting journal entries; preparing a trial balance LO C3, CA, AL P1, P2 Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations. Tanner invests $80,000 cash along with office equipment valued at $26.000 in the company in exchange for common stock The company prepaid $9,000 cash for twelve months rent for office space. (Hint Debit Prepaid Rent for $9.000.) The company made credit purchases for $8,000 in office equipment and $3.600 in offioe supplies. Payment is due within 10 days. 8 The company completed services for a client and immediately received S$4,000 cash The company completed a $6,000 project for a dlient, who must pay within 30 days 3 The company paid $11,600 cash to settle the account payable created on April 3 The company paid $2.400 cash for the premium on a 12-month insurance policy (Hint Debit Prepaid Insurance for $2.,400.) 2 The company received $4,400 cash as partial payment for the work completed on April 9 The company completed work for another client for $2,890 on credit 26The company paid $5,500 cash in dividends. The company purchased $600 of additional office supplies on credt 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 (319): Services Revenue (403): and Utilities Expense (690). Journal entry worksheet 526000 2. Open the following ledger accounts for the account titles referred in part 1 and post the journal entries from part 1 to the ledger accounts. (Do not skip lines, Enter transactions in chronological order.)