Question: value 10.00 points Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations April 1

 value 10.00 points Karla Tanner opens a Web consulting business called

value 10.00 points Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations April 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock 2 The company prepaid $9,000 cash for twelve months' rent for office space. (Hint Debit Prepaid Rent for $9,000.) 3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days 6 The company completed services for a client and immediately received $4,000 cash 9 The company completed a $6,000 project for a client, who must pay within 30 days 13 The company paid $11,600 cash to settle the account payable created on April 3 19 The company paid $2,400 cash for the premium on a 12-month insurance policy. (Hint Debit Prepaid Insurance for $2,400.) 22 The company received $4.400 cash as partial payment for the work completed on April 9 25 The company completed work for another client for $2,890 on credit 28 The company 29 The company purchased $600 of additional office supplies on credit 30 The company paid $435 cash for this month's utility bill paid $5,500 cash in dividends Required 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Office Equipment (16 (106), Office Supplies Journal entry worksheet Type here to search

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