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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

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
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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

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