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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of
After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Account Title Number 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 167 Computer equipment 168 Accumulated depreciation-office equipment Accumulated depreciation-Computer equipment Debit $ 38,964 Credit 13,118 2,6451 1,980 3,160 8,600 23,200 e 201 Accounts payable 210 Wages payable 8 236 Unearned computer services revenue e 307 Common stock 65,000 318) Retained earnings 319 Dividends 6,400 403 Computer services revenue 38,759 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 2,425 637 Insurance expense 640 Rent expense 0 652 Computer supplies expense 655 Advertising expense 1,648 676 Mileage expense 664 677 Miscellaneous expenses 200 684 Repairs expense-Computer 755 901 Income summary Totals $103,759 $103,759 1
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