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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted trial balance of Business

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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017) follows Account Title Debit Credit 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 39,164 2,645 1,980 3,120 8,300 163 Office equipment 164 167 Computer equipment 168 51654 Accumulated depreciation-Office equipment 23, 200 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 equipment 71,880 6,488 32,689 612 Depreciation expense-Office equipment Depreciation expense-Computer equipment 613 623 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 2,375 1,688 674 240 785 Totals $103,689 $103,689 Business Solutions had the following transactions and events in December 2017. Dec. 2 Paid $940 cash to Hillside Mall for Business solutions' share of mall advertising costs. 3 Paid $480 cash for minor repairs to the company's computer. 4 Received $4,350 cash from Alex's 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 Business Solutions' bid of $7,58e on a proposed project has been accepted. Alex's paid a $2,400 cash advance to Business Solutions. 15 Purchased $1,400 of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gomez Co. to pav the fee for services recorded on November 8. Prepare an adjusted trial balance as of December 31, 2017. BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2017 Account Title Debit Credit Cash ook int Computer supplies encesPrepaid insurance Prepaid rent Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer e Accounts payable Wages payable Unearned computer services revenue Prepare a statement of retained earnings for the three months ended December 31, 2017. BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended December 31, 2017 Retained earnings, October 1, 2017 Retained earnings, December 31, 2017 0 Prepare a balance sheet as of December 31, 2017. BUSINESS SOLUTIONS Balance Sheet December 31, 2017 Assets ces 0 Total Assets Liabilities 0 Total Assets Liabilities Total Liabilities Equity Total Liabilities and Equity 0

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