b

Adjusted \begin{tabular}{|l|cr|} \hline \multicolumn{2}{|c|}{ ONPOINT } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earnings } \\ \hline \multicolumn{2}{|c|}{ For Three Months Ended December 31, 2021} \\ \hline Retained earnings, October 1, 2021 & $ & 22,556 \\ \hline Add: Net income & & (6,800) \\ \hline Less: Dividends & $ & 15,756 \\ \hline Retained earnings, December 31, 2021 \end{tabular} Adjusted \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 2,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid rent } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 3,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Office equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 9,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Computer equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 22,560 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 74,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline D 11 & December 31 & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Wages expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Advertising expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} Adjusted \begin{tabular}{|l|l|l|l|} \hline \multirow{2}{*}{ Adjusting entry related to: } & \multicolumn{1}{|c|}{ Account affecting the: } & \multicolumn{1}{|c|}{Impactonnetincome} \\ \hline & \multicolumn{1}{|c|}{ Income Statement } & \\ \hline a) Computer supplies & Computer supplies expense & Computer supplies & \\ \hline b) Prepaid insurance & Insurance expense & Prepaid insurance & \\ \hline c) Accrued wages & Wages expense & Wages payable & \\ \hline d) Depreciation - Computer equipment & Depreciationexpense-Computerequipment & Accumulateddepreciation-Computerequipment & \\ \hline e) Depreciation - Office equipment & Depreciationexpense-Officeequipment & Accumulateddepreciation-Officeequipment & \\ \hline f) Prepaid rent & Rent expense & Prepaid rent & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid \$1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. Decenber 14 Notified by Kuhl Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuht paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady Office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8. December 20 Completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. Decenber 29 Reimbursed M. Meng for business automobile mileage ( 700 miles at $0.32 per mile). December 31 paid $1,700 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 31 inventory count of computer supplies shows $660 still avallable. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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 has expired. Adjusted Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline & & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Computer services revenue } \\ \hline No. & Date & Debit & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Balance } \\ \hline & November 30 & & & 26,600 \\ \hline 8 & December 20 & & 5,800 & 32,400 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Advertising expense } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 1,770 \\ \hline 91 & December 02 & 1,090 & & 2,860 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Mileage expense } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 760 \\ \hline 10 & December 29 & 224 & & 984 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Miscellanous expenses } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 270 \\ \hline \end{tabular} \begin{tabular}{|r|c|r|r|r|} \hline \multicolumn{5}{|c|}{ Repairs expense - Computer } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 870 \\ \hline 2 & December 03 & 540 & & 1,410 \\ \hline \end{tabular} Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Adjusted \begin{tabular}{|l|l|l|l|} \hline \multirow{2}{*}{ Adjusting entry related to: } & \multicolumn{1}{|c|}{ Account affecting the: } & \multicolumn{1}{|c|}{Impactonnetincome} \\ \hline & \multicolumn{1}{|c|}{ Income Statement } & \\ \hline a) Computer supplies & Computer supplies expense & Computer supplies & \\ \hline b) Prepaid insurance & Insurance expense & Prepaid insurance & \\ \hline c) Accrued wages & Wages expense & Wages payable & \\ \hline d) Depreciation - Computer equipment & Depreciationexpense-Computerequipment & Accumulateddepreciation-Computerequipment & \\ \hline e) Depreciation - Office equipment & Depreciationexpense-Officeequipment & Accumulateddepreciation-Officeequipment & \\ \hline f) Prepaid rent & Rent expense & Prepaid rent & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid \$1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. Decenber 14 Notified by Kuhl Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuht paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady Office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8. December 20 Completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. Decenber 29 Reimbursed M. Meng for business automobile mileage ( 700 miles at $0.32 per mile). December 31 paid $1,700 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 31 inventory count of computer supplies shows $660 still avallable. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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 has expired. Adjusted Adjusted Adjusted \begin{tabular}{|l|cr|} \hline \multicolumn{2}{|c|}{ ONPOINT } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earnings } \\ \hline \multicolumn{2}{|c|}{ For Three Months Ended December 31, 2021} \\ \hline Retained earnings, October 1, 2021 & $ & 22,556 \\ \hline Add: Net income & & (6,800) \\ \hline Less: Dividends & $ & 15,756 \\ \hline Retained earnings, December 31, 2021 \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 2,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid rent } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 3,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Office equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 9,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Computer equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 22,560 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 74,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline D 11 & December 31 & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Wages expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Advertising expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} Adjusted \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline & & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Computer services revenue } \\ \hline No. & Date & Debit & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Balance } \\ \hline & November 30 & & & 26,600 \\ \hline 8 & December 20 & & 5,800 & 32,400 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Advertising expense } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 1,770 \\ \hline 91 & December 02 & 1,090 & & 2,860 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Mileage expense } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 760 \\ \hline 10 & December 29 & 224 & & 984 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Miscellanous expenses } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 270 \\ \hline \end{tabular} \begin{tabular}{|r|c|r|r|r|} \hline \multicolumn{5}{|c|}{ Repairs expense - Computer } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 870 \\ \hline 2 & December 03 & 540 & & 1,410 \\ \hline \end{tabular} Adjusted \begin{tabular}{|l|cr|} \hline \multicolumn{2}{|c|}{ ONPOINT } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earnings } \\ \hline \multicolumn{2}{|c|}{ For Three Months Ended December 31, 2021} \\ \hline Retained earnings, October 1, 2021 & $ & 22,556 \\ \hline Add: Net income & & (6,800) \\ \hline Less: Dividends & $ & 15,756 \\ \hline Retained earnings, December 31, 2021 \end{tabular} Adjusted \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 2,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid rent } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 3,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Office equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 9,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Computer equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 22,560 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 74,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline D 11 & December 31 & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Wages expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Advertising expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} Adjusted \begin{tabular}{|l|l|l|l|} \hline \multirow{2}{*}{ Adjusting entry related to: } & \multicolumn{1}{|c|}{ Account affecting the: } & \multicolumn{1}{|c|}{Impactonnetincome} \\ \hline & \multicolumn{1}{|c|}{ Income Statement } & \\ \hline a) Computer supplies & Computer supplies expense & Computer supplies & \\ \hline b) Prepaid insurance & Insurance expense & Prepaid insurance & \\ \hline c) Accrued wages & Wages expense & Wages payable & \\ \hline d) Depreciation - Computer equipment & Depreciationexpense-Computerequipment & Accumulateddepreciation-Computerequipment & \\ \hline e) Depreciation - Office equipment & Depreciationexpense-Officeequipment & Accumulateddepreciation-Officeequipment & \\ \hline f) Prepaid rent & Rent expense & Prepaid rent & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid \$1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. Decenber 14 Notified by Kuhl Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuht paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady Office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8. December 20 Completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. Decenber 29 Reimbursed M. Meng for business automobile mileage ( 700 miles at $0.32 per mile). December 31 paid $1,700 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 31 inventory count of computer supplies shows $660 still avallable. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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 has expired. Adjusted Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline & & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Computer services revenue } \\ \hline No. & Date & Debit & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Balance } \\ \hline & November 30 & & & 26,600 \\ \hline 8 & December 20 & & 5,800 & 32,400 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Advertising expense } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 1,770 \\ \hline 91 & December 02 & 1,090 & & 2,860 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Mileage expense } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 760 \\ \hline 10 & December 29 & 224 & & 984 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Miscellanous expenses } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 270 \\ \hline \end{tabular} \begin{tabular}{|r|c|r|r|r|} \hline \multicolumn{5}{|c|}{ Repairs expense - Computer } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 870 \\ \hline 2 & December 03 & 540 & & 1,410 \\ \hline \end{tabular} Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances. Adjusted \begin{tabular}{|l|l|l|l|} \hline \multirow{2}{*}{ Adjusting entry related to: } & \multicolumn{1}{|c|}{ Account affecting the: } & \multicolumn{1}{|c|}{Impactonnetincome} \\ \hline & \multicolumn{1}{|c|}{ Income Statement } & \\ \hline a) Computer supplies & Computer supplies expense & Computer supplies & \\ \hline b) Prepaid insurance & Insurance expense & Prepaid insurance & \\ \hline c) Accrued wages & Wages expense & Wages payable & \\ \hline d) Depreciation - Computer equipment & Depreciationexpense-Computerequipment & Accumulateddepreciation-Computerequipment & \\ \hline e) Depreciation - Office equipment & Depreciationexpense-Officeequipment & Accumulateddepreciation-Officeequipment & \\ \hline f) Prepaid rent & Rent expense & Prepaid rent & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} The November 30,2021 , unadjusted trial balance of OnPoint is found in the Trial balance tab. OnPoint had the following transactions and events in December 2021. December 2 Paid \$1,090 cash to Cayuga Mall for OnPoint' share of mall advertising costs. December 3 Paid $540 cash for minor repairs to the company's computer. December 4 Received $5,200 cash from Kuhl Engineering Compnay for the receivable from November. December 10 Paid cash to Marion Meng for six days of work at the rate of $160 per day. Decenber 14 Notified by Kuhl Engineering Compnay that OnPoint' bid of $7,200 on a proposed project has been accepted. Kuht paid a $1,600 cash advance to OnPoint. December 15 Purchased $1,200 of computer supplies on credit from Brady Office Products. December 16 Sent a reminder to Ryan Compnay to pay the fee for services recorded on November 8. December 20 Completed a project for Kennedy Corporation and received $5,800 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,460 cash from Ryan Compnay on its receivable. Decenber 29 Reimbursed M. Meng for business automobile mileage ( 700 miles at $0.32 per mile). December 31 paid $1,700 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 31 inventory count of computer supplies shows $660 still avallable. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Marion Meng has not been paid for four days of work at $160 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 has expired. Adjusted Adjusted Adjusted \begin{tabular}{|l|cr|} \hline \multicolumn{2}{|c|}{ ONPOINT } \\ \hline \multicolumn{2}{|c|}{ Statement of Retained Earnings } \\ \hline \multicolumn{2}{|c|}{ For Three Months Ended December 31, 2021} \\ \hline Retained earnings, October 1, 2021 & $ & 22,556 \\ \hline Add: Net income & & (6,800) \\ \hline Less: Dividends & $ & 15,756 \\ \hline Retained earnings, December 31, 2021 \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 2,480 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid rent } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 3,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Office equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 9,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Computer equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 22,560 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Common stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 74,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline D 11 & December 31 & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Wages expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Advertising expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline \end{tabular} Adjusted \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 5,100 \\ \hline & & 1,700 & & 6,800 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Computer services revenue } \\ \hline No. & Date & Debit & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c|}{ Balance } \\ \hline & November 30 & & & 26,600 \\ \hline 8 & December 20 & & 5,800 & 32,400 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Advertising expense } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 1,770 \\ \hline 91 & December 02 & 1,090 & & 2,860 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Mileage expense } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 760 \\ \hline 10 & December 29 & 224 & & 984 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Miscellanous expenses } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 30 & & & 270 \\ \hline \end{tabular} \begin{tabular}{|r|c|r|r|r|} \hline \multicolumn{5}{|c|}{ Repairs expense - Computer } \\ \hline No. & Date & \multicolumn{1}{|c|}{ Debit } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & November 30 & & & 870 \\ \hline 2 & December 03 & 540 & & 1,410 \\ \hline \end{tabular}