12 13 14 15 16 17 December 31 December 31 December 31 December 31 December 31 December 31 Cash Computer supplies expense Computer supplies Insurance expense Prepaid insurance Wages expense Wages payable Depreciation expense - Computer equipment Accumulated depreciation - Computer equipment Depreciation expense - Office equipment Accumulated depreciation - Office equipment Rent expense Prepaid rent Return to que 1,700
The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid $1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. December 14 Notified by Kuht Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuhl paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8 . December 20 completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. December 29 Reinbursed M. Meng for business automobile mileage (700 miles at $0.32 per mile). December 31 Paid $1,700 cash for 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 $660 still available, b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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. The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid $1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. December 14 Notified by Kuht Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuhl paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8 . December 20 completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. December 29 Reinbursed M. Meng for business automobile mileage (700 miles at $0.32 per mile). December 31 Paid $1,700 cash for 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 $660 still available, b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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