After the success of the companys first two months, Adria Lopez continues to operate Success Systems. The November 30, 2013, unadjusted trial balance of Success Systems (reflecting its transactions for October and November of 2013) follows.

No.	Account Title	Debit			Credit
101	Cash	$	39,164
106	Accounts receivable		13,618
126	Computer supplies		2,645
128	Prepaid insurance		2,100
131	Prepaid rent		3,040
163	Office equipment		8,900
164	Accumulated depreciationOffice equipment				$	0
167	Computer equipment		20,000
168	Accumulated depreciationComputer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
307	Common stock					68,000
318	Retained earnings					0
319	Dividends		6,000
403	Computer services revenue					33,299
612	Depreciation expenseOffice equipment		0
613	Depreciation expenseComputer equipment		0
623	Wages expense		2,575
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,648
676	Mileage expense		694
677	Miscellaneous expenses		160
684	Repairs expenseComputer		755
	Totals	$	101,299		$	101,299

Success Systems had the following transactions and events in December 2013.

Dec.	2	Paid $1,015 cash to Hillside Mall for Success Systems' share of mall advertising costs.
	3	Paid $400 cash for minor repairs to the company's computer.
	4	Received $4,250 cash from Alexs Engineering Co. for the receivable from November.
	10	Paid cash to Lyn Addie for six days of work at the rate of $115 per day.
	14	Notified by Alex's Engineering Co. that Success Systems' bid of $7,500 on a proposed project has been accepted. Alexs paid a $2,100 cash advance to Success Systems.
	15	Purchased $1,300 of computer supplies on credit from Harris Office Products.
	16	Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8.
	20	Completed a project for Liu Corporation and received $6,275 cash.
	2226	Took the week off for the holidays.
	28	Received $3,000 cash from Gomez Co. on its receivable.
	29	Reimbursed A. Lopez for business automobile mileage (600 miles at $0.27 per mile).
	31	The business paid $1,500 cash for dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the companys first three months:

a.	The December 31 inventory count of computer supplies shows $610 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 $115 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.

Required:
1.	Prepare journal entries to record each of the December transactions and events for Success Systems.(If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

2.1	Prepare adjusting entries to reflect a through f.

2.2	Post the journal entries to record each of the December transactions and adjusting entries to the accounts in the ledger.

General Ledger Accounts

3.	Prepare an adjusted trial balance as of December 31, 2013.

4.	Prepare an income statement for the three months ended December 31, 2013.

5.	Prepare a statement of retained earnings for the three months ended December 31, 2013.

6.	Prepare a balance sheet as of December 31, 2013. (Amounts to be deducted should be indicated by a minus sign.)

7.	Record and post the necessary closing entries for Success Systems. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

8.	Prepare a post-closing trial balance as of December 31, 2013.