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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 is due

Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations.

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