Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 25 points Return to question P 3 Serial Problem Business Solutions (Static) LO P1, P2, P3, P4, 5 fter the success of the company's
4 25 points Return to question P 3 Serial Problem Business Solutions (Static) LO P1, P2, P3, P4, 5 fter the success of the company's first two months, Santana Rey continues to operate usiness Solutions. The November 30, 2021, unadjusted trial balance of Business olutions (reflecting its transactions for October and November of 2021) follows. Number 101 106 126 128 131 163 164 167 168 201 210 236 307 318 319 403 612 613 623 637 640 652 655 676 Mileage expense 677 Miscellaneous expenses 684 901 Account Title Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Repairs expense-Computer Income summary Totals Debit $ 38,264 12,618 2,545 2,220 3,300 8,000 20,000 5,600 0 0 2,625 0 0 0 1,728 704 250 805 $ 98,659 Credit 73,01 usiness Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $500 cash for minor repairs to the company's computer. December 4 Received $3,950 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. 25,6! $ 98,6!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started