1 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income Book For each adjustment, indicate the income statement and balance sheet account affected, and the impact on ne If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Unadjusted Account affecting the Income Statement Balance Sheet Impact on net Income Adjusting entry related to: a) Computer supplies b) Prepaid insurance c) Accrued wages d) Depreciation - Computer equipment e) Depreciation - Office equipment ) Prepaid rent Prey 1 of 1 Next Balance Sheet December 31, 2019 ASSETS Current assets: $ $ 0 0 0 0 0 0 Plant assets: 0 0 Total plant assets 0 LIABILITIES AND EQUITY Liabilities: 0 The November 30, 2018, unadjusted trial balance of Stream Launch is found in the Trial balance tab. Stream Launch had the f transactions and events in December 2018. Dec. 2 Paid $1,120 cash to Delray Mall for Stream Launch' share of mall advertising costs. Dec. 3 Paid $560 cash for minor repairs to the company's computer. Dec. 4 Received $5,300 cash from Ryan Engineering Co. for the receivable from November. Dec. 10 Paid cash to Jim Egert for six days of work at the rate of $180 per day. Dec. 14 Notified by Ryan Engineering Co. that Stream Launch' bid of $7,300 on a proposed project has been acce Ryan paid a $1,650 cash advance to Stream Launch. Dec. 15 Purchased $1,250 of computer supplies on credit from Jackson Office Products. Dec. 16 Sent a reminder to Byrnes Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Kuhl Corporation and received $5,900 cash. Dec. 22- Took the week off for the holidays. 26 Dec. 28 Received $3,600 cash from Byrnes Co. on its receivable. Dec. 29 Reimbursed A. Egert for business automobile mileage (750 miles at $0.32 per mile). Dec. 31 The company paid $1,600 cash in dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months: a. The December 31 inventory count of computer supplies shows $700 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Jim Egert has not been paid for four days of work at $180 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent has expired. Income General Impact on St Retained General Balance Sheet Dan dramant Trial Balance Prey 1 of 1 Next Check Trial Balance December 31, 2019 Account Title Credit $ Debit 26,520 22.100 3,890 2,640 3,900 10,400 23,840 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 1,080 1.650 74,500 5,900 6,400 27.100 4,860 2,910 1.030 280 1,460 116,130 $ $ 104,330