Req 1
Date | General Journal | Debit | Credit |
Apr-01 | Cash | 95,000 | |
Office equipment | 22,800 | ||
Common stock | 117,800 | ||
Apr-02 | Prepaid rent | 7,200 | |
Cash | 7,200 | ||
Apr-03 | Office equipment | 11,400 | |
Office supplies | 2,280 | ||
Accounts payable | 13,680 | ||
Apr-06 | Cash | 2,000 | |
Services revenue | 2,000 | ||
Apr-09 | Accounts receivable | 7,600 | |
Services revenue | 7,600 | ||
Apr-13 | Accounts payable | 13,680 | |
Cash | 13,680 | ||
Apr-19 | Prepaid insurance | 6,000 | |
Cash | 6,000 | ||
Apr-22 | Cash | 6,080 | |
Accounts receivable | 6,080 | ||
Apr-25 | Accounts receivable | 2,640 | |
Services revenue | 2,640 | ||
Apr-28 | Dividends | 6,200 | |
Cash | 6,200 | ||
Apr-29 | Office supplies | 760 | |
Accounts payable | 760 | ||
Apr-30 | Utilities expense | 700 | |
Cash | 700 |
Req 2
Cash | |||
Date | Debit | Credit | Balance |
Apr-01 | 95,000 | 95,000 | |
Apr-02 | 7,200 | 87,800 | |
Apr-06 | 2,000 | 89,800 | |
Apr-13 | 13,680 | 76,120 | |
Apr-19 | 6,000 | 70,120 | |
Apr-22 | 6,080 | 76,200 | |
Apr-28 | 6,200 | 70,000 | |
Apr-30 | 700 | 69,300 | |
Accounts Receivable | |||
Date | Debit | Credit | Balance |
Apr-09 | 7,600 | 7,600 | |
Apr-22 | 6,080 | 1,520 | |
Apr-25 | 2,640 | 4,160 | |
Office Supplies | |||
Date | Debit | Credit | Balance |
Apr-03 | 2,280 | 2,280 | |
Apr-29 | 760 | 3,040 | |
Prepaid Insurance | |||
Date | Debit | Credit | Balance |
Apr-19 | 6,000 | 6,000 | |
Prepaid Rent | |||
Date | Debit | Credit | Balance |
Apr-02 | 7,200 | 7,200 | |
Office Equipment | |||
Date | Debit | Credit | Balance |
Apr-01 | 22,800 | 22,800 | |
Apr-03 | 11,400 | 34,200 | |
Accounts Payable | |||
Date | Debit | Credit | Balance |
Apr-03 | 13,680 | 13,680 | |
Apr-13 | 13680 | 0 | |
Apr-29 | 760 | 760 | |
Common Stock | |||
Date | Debit | Credit | Balance |
Apr-01 | 117,800 | 117,800 | |
Dividends | |||
Date | Debit | Credit | Balance |
Apr-28 | 6,200 | 6,200 | |
Service Revenue | |||
Date | Debit | Credit | Balance |
Apr-06 | 2,000 | 2,000 | |
Apr-09 | 7,600 | 9,600 | |
Apr-25 | 2,640 | 12,240 | |
Utilities Expense | |||
Date | Debit | Credit | Balance |
Apr-30 | 700 | 700 |
Req 3
Linkworks | ||
Trial Balance | ||
Apr-30 | ||
Debit | Credit | |
Cash | 69,300 | |
Accounts receivable | 4,160 | |
Office supplies | 3,040 | |
Prepaid insurance | 6,000 | |
Prepaid rent | 7,200 | |
Office equipment | 34,200 | |
Accounts payable | 760 | |
Common stock | 117,800 | |
Dividends | 6,200 | |
Services revenue | 12,240 | |
Utilities expense | 700 | |
Totals | 130,800 | 130,800 |
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Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $150,000 cash along with office equipment valued at $36,000 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $18,000 in office equipment and $3,600 in office supplies. Payment is due within...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $110,000 cash along with office equipment valued at $26,400 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $13,200 in office equipment and $2,640 in office supplies. Payment is due within...
Karla Tanner opens a Web consulting business called Linkworks and completed the following transactions in its first month of operations.Apri1 1 Tanner invested $105,000 cash along with office equipment valued at $25,200 in the company.2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint t Debit Prepaid Rent for $7,200.3 The company made credit purchases for $12,600 in office equipment and $2,520 in office supplies. Payment is due within 10 days.6 The company completed services for...
Karla Tanner opens a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $80,000 cash along with office equipment valued at $26,000 in the company. 2 The company prepaid $9,000 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $9, cee. 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...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $140,000 cash along with office equipment valued at $33,600 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3. The company made credit purchases for $16,800 in office equipment and $3,360 in office supplies. Payment is due within...
April1Tanner invested $145,000 cash along with office equipment valued at $34,800 in the company in exchange for common stock.2The company prepaid $7,200 cash for 12 months’ rent for office space. Hint: Debit Prepaid Rent for $7,200.3The company made credit purchases for $17,400 in office equipment and $3,480 in office supplies. Payment is due within 10 days.6The company completed services for a client and immediately received $2,000 cash.9The company completed a $11,600 project for a client, who must pay within 30 days.13The company...
em Help Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. April 1 Tanner invested $120,000 cash along with office equipment valued at $28,800 in the company in exchange for common stock. 2 The company prepaid $ 7,200 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $14,400 in office equipment and $2,880 in office supplies. Payment...
Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations. April 1 Tanner invested $115,000 cash along with office equipment valued at $27,600 n the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months’ rent for office space. (Hint: Debit Prepaid Rent for $7,200.) 3 The company made credit purchases for $13,800 in office equipment and $2,760 in office supplies. Payment is due...
Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations.April 1 Tanner invested $120,000 cash along with office equipment valued at $28,800 in the company.2 The company prepaid $7,200 cash for twelve months' rent for office space. (Hint: Debit Prepaid Rent for) ($7,200 .)3 The company made credit purchases for $14,400 in office equipment and $2,880 in office supplies. Payment 1 ~s \} due within 10 days.6 The company completed...
Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations April 1 Tanner invested $110,000 cash along with office equipment valued at $26, 480 in the company in exchange for common stock. 2 The company prepaid $7,200 cash for 12 months' rent for office space. Mint: Debit Prepaid Rent for $7,200. 3 The company made credit purchases for $13,209 in office equipment and $2,640 in office supplies. Payment is due...