Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of

image text in transcribedimage text in transcribedimage text in transcribed

After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. Cash Account Title No. 101 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 163. office equipment 164 1671 Computer equipment 168 131 Prepaid rent Accumulated depreciation-office equipment Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 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 Totals Debit Credit $ 39,164 13,118 2,645 2,040 3,060 8,400 22,400 0 72,000 6.100 30,534 0 2,300 0 0 1,668 654 250 735 $102,534 $102,534

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Reporting and Analysis

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

1st edition

1111822360, 978-1337116619, 1337116610, 978-1111822378, 1111822379, 978-1111822361

More Books

Students also viewed these Accounting questions

Question

Where is the position?

Answered: 1 week ago

Question

Why do you think you would like to do this work?

Answered: 1 week ago