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3 4 5 -6 47 48 49 50 51 52 53 54 55 56 57 58 59 Ready : x fx IUVA IIIY MEVA UI

3 4 5 -6 47 48 49 50 51 52 53 54 55 56 57 58 59 Ready : x fx IUVA IIIY MEVA UI TUI L uay 31 Received $5,700 from Fostek Co. on its receivable. 24-20 31 Reimbursed Mary Graham's business automobile expenses of 600 kilometres at $1.00 per kilometre. 31 Graham withdrew $3,600 cash from the business. 2. Prepare adjusting entries to record the following additional information collected on December 31, 2020. Post the entries to the accounts in the ledger. A a. The December 31 inventory of computer supplies was $1,440. b. Three months have passed since the annual insurance premium was paid. c. As of the end of the year, Carly Smith has not been paid for four days of work at the rate of $200 per day. d. The computer is expected to have a four-year life with no residual value. e. The office equipment is expected to have a three-year life with no residual value. f. Prepaid rent for three of the four months has expired. 3. Prepare an adjusted trial balance as of December 31, 2020. 4. Prepare an income statement and statement of changes in equity for the three months ended December 31, 2020. 5. Prepare a balance sheet as of December 31, 2020. CUMULATIVE COMPREHENSION PROBLEM: ECHO SYSTEMS FAIL_Assignment 2 Accessibility: Investigate CAD/USD -0.36% HD-1080- Q Search acer a

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