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.

Required to Answer for this assignment:

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, adjusting entries to the accounts in the ledger.

General ledger accounts are: 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 Service Revenue, Common Stock, Retained Earnings, Dividends, Computer Service Revenue, Depreciation Expense Office Equipment, Depreciation Expense Computer Equipment, Wages Expense, Insurance Expense, Rent Expense, Computer Supplies Expense, Advertising Expense, Mileage Expense, Miscellaneous Expenses, Repairs Expense Computer, Income Summary

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 with 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.

Account Title $48,052 12,618 2,545 2,220 3,300 8,000 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office 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 307 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue 612 Depreciation expense-Office 613 Depreciation expense-Computer equipment 623 Wages expense 63 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 20,000 83,000 5,600 25,659 equipment 2,625 2 1,940 704 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 805 Totals $108,659 $108,659