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Business Solutions had the following transactions and events in December 2 0 2 1 . December 2 Paid $ 1 , 0 2 5 cash
Business Solutions had the following transactions and events in December
December 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.
December Received $ cash from Alex's Engineering Company for the receivable from November.
December Paid cash to Lyn Addie for six days of work at the rate of $ per day.
December Notified by Alex's, Engineering Company that Business Solutions's bid of $ on a proposed project has been accepted. Alex's paid a $ cash advance to Business Solutions.
December Purchased $ of computer supplies on credit from Harris office Products.
December Sent a reminder to Gomez Company to pay the fee for services recorded on November
December Completed a project for Liu Corporation and received $ cash.
December Took the week off for the holidays.
December Received $ cash from Gomez Company on its receivable.
December Reimbursed S Rey for business automobile mileage miles at $ per mile
December S Rey withdrew $ cash from the company for personal use.
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 available.
b Three months have expired since the month insurance premium was paid in advance.
c As of December, Lyn Addie 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.
f Three of the four months' prepaid rent have expired.
Required:
Prenare inurnal entries to rerord earh nf the Deremher trancartinns and events for Ruciness Snlutinns
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