adjusted trial balance

unadjusted trial balance

The November 30,2020 , unadjusted trial balance of Business Solutions is found in the Trial balance tab. Business Solutions had the following transactions and events in December 2020. December 2 Paid $1,025 eash to Billide Mall for Business Solutions' share of mall advertining costs. December 3 Paid $500 cash for minor repairs to the coepany's cosputer. December 4 Received $3,950 cash from Alex's Engineering Company for the receivable fron November. December 10 Paid cash to Lyn Addie tor six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business solutions' bid of s7, 000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Bualiness solutions. Deceaber 15 Purchased $1,100 of conputer supplies on eredit from Harris office Products. December 16 Sent a reminder to Comez Company to pay the fee for nervices recorded on November 8. December 20 Completed a project for Liu corporation and received $5,625 caab. December 22- Took the week off for the holidays. Decesber 28 Heceived $3,000 cash fros Gomez company on lts receivable. December 29 Reimburied $. Rey for busines automobile mileage (600 miles at $0.32 per mile). December 31 The company paid $1,500 cash in 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 $580 still available. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $125 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. Use the drop-downs to select the accounts properly Included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. BUSINESS SOLUTIONS Trial Balance Unadjusted BUSINESS SOLUTIONS Trial Baiance November 30, 2022 For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) (Negative amounts must be entered with a minus sign)