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After the success of the company's first two months, Santana Rey cont / nues to operate busmess unadjusted trial balance of Business Solutions ( reflecting
After the success of the company's first two months, Santana Rey contnues to operate busmess unadjusted trial balance of Business Solutions reflecting its transactions for October and Novemb Business Solutions had the following transactions and events in December Oecember Paid $ cash to Hillside Mall for Business Solutions's share of mall advertising costs. December Paid $ cash for minor repairs to the company's computer. oecember a Received December Notifieh the rate of sis per day. December Notified by Alex's Engineering Company that Eusiness Solutions's bid of $ on a proposed project has been Decamber is purchased $ of computer suppilies on credit from Harris office products. Decenber Sent a reminder to Gomez Company to pay the fee foriservices recorded on November December Took the week off for the holidays Oecomber Received $ cash from Gamez company on its receivable. December Reimbursed $ Rey for business autombile mileage miles at $ per mile December Paid $ cash for dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a The December inventory count of computer supplies shows $ still avallable b Three months have expired since the month insurance premium was paid in advance. c As of December Lyn Addte has not been paid for four days of work at $ per day d The computer system, acquired on October is expected to have a fouryear life with no salvage value e The office equipment, acquired on October is expected to have a fiveyear life with no salvage value i Three of the four months' prepaid rent have explred. Prepare an income statement for the three months ended December tableBUSINESS SOLUTIONS,Income Statement,For Three Months Ended December Revenue
After the success of the company's first two months, Santana Rey contnues to operate busmess unadjusted trial balance of Business Solutions reflecting its transactions for October and Novemb
Business Solutions had the following transactions and events in December
Oecember Paid $ cash to Hillside Mall for Business Solutions's share of mall advertising costs. December Paid $ cash for minor repairs to the company's computer.
oecember a Received
December Notifieh the rate of sis per day.
December Notified by Alex's Engineering Company that Eusiness Solutions's bid of $ on a proposed project has been
Decamber is purchased $ of computer suppilies on credit from Harris office products.
Decenber Sent a reminder to Gomez Company to pay the fee foriservices recorded on November
December Took the week off for the holidays
Oecomber Received $ cash from Gamez company on its receivable.
December Reimbursed $ Rey for business autombile mileage miles at $ per mile December Paid $ cash for dividends.
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months.
a The December inventory count of computer supplies shows $ still avallable
b Three months have expired since the month insurance premium was paid in advance.
c As of December Lyn Addte has not been paid for four days of work at $ per day
d The computer system, acquired on October is expected to have a fouryear life with no salvage value
e The office equipment, acquired on October is expected to have a fiveyear life with no salvage value i Three of the four months' prepaid rent have explred.
Prepare an income statement for the three months ended December
tableBUSINESS SOLUTIONS,Income Statement,For Three Months Ended December Revenue
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