Accounting 2140 - Comprehensive On October 1, 2019 Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019 Alter the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2010. nadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019 Follow Credit Debit $ 38 254 13.118 2.545 1.920 3050 8.400 2 100 13 126 20,400 68,000 Account Title i 101 Casb Accounts receivable Computer supplies 315 Prepaid insurance K 131 Prepaid rent 163 Mice equipment 164 Accumulated depreciation Office equipment 167 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue Common stock 318 Retained earnings 319 Dividends Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense- 677 Miscellaneous expenses 684 Repairs expense Computer 307 31.134 823 004 190 745 $ 99,134 Totals $99.134 Business Solutions had the following transactions and events in December 2019 Dec 2 3 4. 10 14 15 16 20 22-26 28 29 31 Paid $990 cash to Hillside Mall for Business Solutions share of mal advertising costs Paid $470 cash for minor repairs to the company's computer Received $4.550 cash from Alex's Engineering Co for the receivable from November Paid cash to Lyn Addio for six days of work at the rate of $120 per day Notified by Alex's Engineering Co. that Business Solutions' bid of $7.700 on a proposed project has been accepted. Alex's paid a $2,200 cash advance to Business Solutions Purchased $1,400 of computer supplies on credit from Harris Office Products Sent a reminder to Gomez Co to pay the fee for services recorded on November Completed a project for Liu Corporation and received $6.225 cash Tool the week off for the holidays. Received $3.900 cash from Gomez Co. on its receivable Reimbursed S. Rey for business automobile mileage (500 miles at $0 24 per mile) The company paid $1,300 cash in dividends. also The December of computer supplies shows The more have expec tatorsurance premum was paid in advance December Lyn n The comm on treedte barn La and over to 9,3 ) uma 2 Pe recordach of December ter Pau) we cater , 20162992 29.10) b 29.10) 299 Ps.13) oct, now, dee gunay
