Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations.
Karla Tanner opened a web consulting business called Linkworks and recorded the following transactions in its first month of operations. Apr. 1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.Apr. 2 The company prepaid $9,000 cash for twelve months’ rent for office space. The company’s policy is record prepaid expenses in balance sheet accounts.Apr. 3 The company made credit purchases […]
