After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November 30, 2018, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2018) follows.

Credit Debit $ 38,264 13, 118 2,645 2,100 3,200 8,900 $ 20,400 @ No. 101 106 126 128 131 163 164 167 168 201 210 236 307 318 319 403 612 613 623 637 640 652 Account Title 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 services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense @ 72,000 6,000 28,064 @ 2,150 652 655 676 e 1,728 Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 170 705 $100,864 $100,064 Business Solutions had the following transactions and events in December 2018. Dec. 2 Paid $1,025 cash to Hillside Mall for Business Solutions share of mall advertising costs. 3 Paid $500 cash for minor repairs to the company's computer. 4 Received $4,450 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 $7,500 on a proposed project has been accepted. Alex's paid a $2,300 cash advance to Business Solutions. 15 Purchased $1,700 of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gonez Co. to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $5,925 cash. 22- Took the week off for the holidays. 26 28 Received $3,300 cash from Gomez Co. on its receivable. 28 Received $3,300 cash from Gomez Co. on its receivable. 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.31 per mile). 31 The company paid $1,100 cash in dividends. company's first three months: The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the a. The December 31 inventory count of computer supplies shows $630 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $115 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through . 2.b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger 3. Prepare an adjusted trial balance as of December 31, 2018 4. Prepare an income statement for the three months ended December 31, 2018. S. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018 7. Record and post the necessary closing entries as of December 31, 2018 8. Prepare a post-closing trial balance as of December 31, 2018 You received partial credit in the previous attempt. Check my 3 6 The December 31 inventory count of computer supplies shows $630 still available. Note: Enter debits before credits. ook Transaction General Journal Debit Credit sk a. Computer supphexpense Computer supplies ences *** ere to search OBI ::: 3 ALL Three months have expired since the 12-month insurance premium was paid in advance. Note: Enter debits before credits. w Transaction General Journal Debit Credit b. Insurance expense Prepaid insurance Record entry Clear entry View general journal u As of December 31, Lyn Addie has not been paid for four days of work at $115 per day. Note: Enter debits before credits. Transaction General Journal Debit Credit C. 460 Wages expense Wages payable 460 Record entry Clear entry View general journal Check my 2 3 LLL 4 6 The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. Note: Enter debits before credits. Transaction Debit Credit d. General Journal Depreciation expense-Computer equipment Accumulated depreciation-Computer equipment Record entry Clear entry View general journal 2 3 6 SULU The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. Note: Enter debits before credits. ok Transaction General Journal Debit Credit e. Depreciation expense-Office equipment Accumulated depreciation - Office equipment ices Record entry Clear entry View general journal 4 5 6 LLLLL Three of the four months' prepaid rent has expired. Note: Enter debits before credits. Transaction K Debit General Journal Credit f. Rent expense Prepaid rent ces Record entry Clear entry View general journal Credit Debit $ 38,264 13, 118 2,645 2,100 3,200 8,900 $ 20,400 @ No. 101 106 126 128 131 163 164 167 168 201 210 236 307 318 319 403 612 613 623 637 640 652 Account Title 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 services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense @ 72,000 6,000 28,064 @ 2,150 652 655 676 e 1,728 Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 170 705 $100,864 $100,064 Business Solutions had the following transactions and events in December 2018. Dec. 2 Paid $1,025 cash to Hillside Mall for Business Solutions share of mall advertising costs. 3 Paid $500 cash for minor repairs to the company's computer. 4 Received $4,450 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 $7,500 on a proposed project has been accepted. Alex's paid a $2,300 cash advance to Business Solutions. 15 Purchased $1,700 of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gonez Co. to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $5,925 cash. 22- Took the week off for the holidays. 26 28 Received $3,300 cash from Gomez Co. on its receivable. 28 Received $3,300 cash from Gomez Co. on its receivable. 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.31 per mile). 31 The company paid $1,100 cash in dividends. company's first three months: The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the a. The December 31 inventory count of computer supplies shows $630 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $115 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through . 2.b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger 3. Prepare an adjusted trial balance as of December 31, 2018 4. Prepare an income statement for the three months ended December 31, 2018. S. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018 7. Record and post the necessary closing entries as of December 31, 2018 8. Prepare a post-closing trial balance as of December 31, 2018 You received partial credit in the previous attempt. Check my 3 6 The December 31 inventory count of computer supplies shows $630 still available. Note: Enter debits before credits. ook Transaction General Journal Debit Credit sk a. Computer supphexpense Computer supplies ences *** ere to search OBI ::: 3 ALL Three months have expired since the 12-month insurance premium was paid in advance. Note: Enter debits before credits. w Transaction General Journal Debit Credit b. Insurance expense Prepaid insurance Record entry Clear entry View general journal u As of December 31, Lyn Addie has not been paid for four days of work at $115 per day. Note: Enter debits before credits. Transaction General Journal Debit Credit C. 460 Wages expense Wages payable 460 Record entry Clear entry View general journal Check my 2 3 LLL 4 6 The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. Note: Enter debits before credits. Transaction Debit Credit d. General Journal Depreciation expense-Computer equipment Accumulated depreciation-Computer equipment Record entry Clear entry View general journal 2 3 6 SULU The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. Note: Enter debits before credits. ok Transaction General Journal Debit Credit e. Depreciation expense-Office equipment Accumulated depreciation - Office equipment ices Record entry Clear entry View general journal 4 5 6 LLLLL Three of the four months' prepaid rent has expired. Note: Enter debits before credits. Transaction K Debit General Journal Credit f. Rent expense Prepaid rent ces Record entry Clear entry View general journal