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can you help me figure out the blanks please After the success of the company's first two months, Santana Rey continues to operate Business Solutions.
can you help me figure out the blanks please
After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30,2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021 . Decenber 2 Paid ssue cash to Minsside Mall for Business Solutions's share of aill odvertising costs. pecester 3 paid s43e cash for minor repairs to the conpany's computer. After the success of the company's first two months, Santana Rey continues to operate Businiess Solutions. The November 30,2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021. Decenber 2 Pald $949 cash to Hillside Mall for Business Solutions's share of eall advertising costs. Decenber 3 Paid $430 cash for einor repains to the conpany's coeputer. Decenber 4 Recelved $4,650 cash from Alex's Engineering Coepany for the receivable froe Noventier. Decenber 10 Paid cash to tyn Addite for six days of work at the rate of $105 per day. Deceeber 14 Natified by Alex's Engineering Company that Business Solutions's bid of $7,300 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Eusiness Solutions. Decenber 15 Purchased $1,300 of computer supplies on credit from Harris office Products. Decenber 16 Sent a reminder to Gomez company to pay the fee for services recorded on lioveber 8. Decenber 20 conpleted a project for Liu Corporation and recelved $5,675cash. Decenber. 72.26 Took the week off for the holidays. Deceaben 28 Recelved $3,100 cash from Gomez Company on its receivable. Decemberi 29 Reimbursed 5. Rey for business autoeobile mileage (4ed hiles at se. 24 pen =1 le). Decenber 31 Paid $1,4e cash for dividends. The followina additional factsiare collected for use in makina adiustind entries brion to breoarina financialstatements for the The following additional facts are collected for use in making adjusting entries ptior to preparing financial stotements for the company's first three months. a. The December 31 inventory count of computer supplies shows $660 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 $105 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 salvoge value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger 2-a. Prepare adjusting entries to reflect a through f 2-b. Post the journal entries to record each of the December transactions, adjusting entiliss to the accourits in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021 . 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepore a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021 8. Prepare a post-closing trial balance as of December 31, 2021 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger, (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Prepore on ocjusted triol belonce os of Cecember 3t. 202il 4. Prepore on income statement for tiee three months enced Decenber 31, 2021 5. Prepore o statement of retsinsd earningt for the thee coonthi ended Decent = 32, 2021 6. Prepare a classified belance sheet as of December 31. 20.2. 8. Rrepore o post-closing triat baicnce os of December 31. 202il (x) Answer is neit conslete. Complete this question by entering rour anawees (a the tably yelaw. 1. Three of the fout manths' prepsid rent have expired Required: 1. Prepare joumal entries to recold each of the December transactions. Post those entries to the accounts in the ledget 2.a. Prepare adjusting entries to reflect a through f 2.b. Post the journal entries to record each of the December transoctions. adjuting entries to the sccourts in the ledget 3. Prepare an adjusted trial balonce os of December 31, 2021 . 4. Prepore an income statement for the three months ended December 31,2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entrles as of December 31. 2021. 8. Prepare a post-closing trial balance as of December 31, 2021 . B Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare adjusting entries to refiect a through f. (df no entry is recuired for a transacton/rvert, select "Wo joumsl entry reguired in the first account field.) Post the joumal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 187: Computer Equipment \begin{tabular}{|c|cc|c|} \hline \multicolumn{2}{|c|}{ 168: Accumulated Depreciation-Computer Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & 210: Wages Payable \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 612: Depreciation Expense- Orice Equipment } \\ \hline Date & Debit & credit & Balance \\ \hline December 01 & & & 0 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} Complete this question by entering vour answers in the tabs . Prepare an adjusted trial balance as of December 31, 2021. 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 acco 3. Prepare an adjusted tral balance as of December 31,2021 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021 . 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing tral balance as or December 31,2021. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31,2021. The following additional facts are collected for use in making adjusting entries prior to preparing finat 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, Lyn Addie has not been paid for four days of work at $105 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage e. The office equipment, acquired on october 1 , is expected to have a five-year ilfe with no salvage f. Three of the four months' prepaid ient have expired. Required: 1. Prepare joumal entries to record each of the December transactions, Post those entries to the acc 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 ac 3. Prepare an adjusted trial balance as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three months ended December 31,2021. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 2021. 8. Prepare a post-closing tral balance ac or becerinber st, 2021 Answer is not complete. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31,2021. 1. Prepare joumal entries to record each of the December transactions. Post those entries to the accounts in the ledger 2-a. Prepare adjusting enties to reflect a through f 2-b. Post the journal entiles to record each of the December transactions, adjusting entries to the accounts in the ledger 3. Prepare an adjusted tral balance as of becemser 31, 2021. 4. Prepare an income statement for the three months encled December 31, 2021. 5. Prepare a statement of retained eamings for the three months ended December 31, 2021 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31, 2021. * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a post-closino trial balance as of December 31,2021 . After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30,2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021 . Decenber 2 Paid ssue cash to Minsside Mall for Business Solutions's share of aill odvertising costs. pecester 3 paid s43e cash for minor repairs to the conpany's computer. After the success of the company's first two months, Santana Rey continues to operate Businiess Solutions. The November 30,2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021. Decenber 2 Pald $949 cash to Hillside Mall for Business Solutions's share of eall advertising costs. Decenber 3 Paid $430 cash for einor repains to the conpany's coeputer. Decenber 4 Recelved $4,650 cash from Alex's Engineering Coepany for the receivable froe Noventier. Decenber 10 Paid cash to tyn Addite for six days of work at the rate of $105 per day. Deceeber 14 Natified by Alex's Engineering Company that Business Solutions's bid of $7,300 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Eusiness Solutions. Decenber 15 Purchased $1,300 of computer supplies on credit from Harris office Products. Decenber 16 Sent a reminder to Gomez company to pay the fee for services recorded on lioveber 8. Decenber 20 conpleted a project for Liu Corporation and recelved $5,675cash. Decenber. 72.26 Took the week off for the holidays. Deceaben 28 Recelved $3,100 cash from Gomez Company on its receivable. Decemberi 29 Reimbursed 5. Rey for business autoeobile mileage (4ed hiles at se. 24 pen =1 le). Decenber 31 Paid $1,4e cash for dividends. The followina additional factsiare collected for use in makina adiustind entries brion to breoarina financialstatements for the The following additional facts are collected for use in making adjusting entries ptior to preparing financial stotements for the company's first three months. a. The December 31 inventory count of computer supplies shows $660 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 $105 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 salvoge value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger 2-a. Prepare adjusting entries to reflect a through f 2-b. Post the journal entries to record each of the December transactions, adjusting entiliss to the accourits in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021 . 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepore a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021 8. Prepare a post-closing trial balance as of December 31, 2021 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger, (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Prepore on ocjusted triol belonce os of Cecember 3t. 202il 4. Prepore on income statement for tiee three months enced Decenber 31, 2021 5. Prepore o statement of retsinsd earningt for the thee coonthi ended Decent = 32, 2021 6. Prepare a classified belance sheet as of December 31. 20.2. 8. Rrepore o post-closing triat baicnce os of December 31. 202il (x) Answer is neit conslete. Complete this question by entering rour anawees (a the tably yelaw. 1. Three of the fout manths' prepsid rent have expired Required: 1. Prepare joumal entries to recold each of the December transactions. Post those entries to the accounts in the ledget 2.a. Prepare adjusting entries to reflect a through f 2.b. Post the journal entries to record each of the December transoctions. adjuting entries to the sccourts in the ledget 3. Prepare an adjusted trial balonce os of December 31, 2021 . 4. Prepore an income statement for the three months ended December 31,2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entrles as of December 31. 2021. 8. Prepare a post-closing trial balance as of December 31, 2021 . B Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare adjusting entries to refiect a through f. (df no entry is recuired for a transacton/rvert, select "Wo joumsl entry reguired in the first account field.) Post the joumal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 187: Computer Equipment \begin{tabular}{|c|cc|c|} \hline \multicolumn{2}{|c|}{ 168: Accumulated Depreciation-Computer Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & 210: Wages Payable \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 612: Depreciation Expense- Orice Equipment } \\ \hline Date & Debit & credit & Balance \\ \hline December 01 & & & 0 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} Complete this question by entering vour answers in the tabs . Prepare an adjusted trial balance as of December 31, 2021. 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 acco 3. Prepare an adjusted tral balance as of December 31,2021 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021 . 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing tral balance as or December 31,2021. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31,2021. The following additional facts are collected for use in making adjusting entries prior to preparing finat 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, Lyn Addie has not been paid for four days of work at $105 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage e. The office equipment, acquired on october 1 , is expected to have a five-year ilfe with no salvage f. Three of the four months' prepaid ient have expired. Required: 1. Prepare joumal entries to record each of the December transactions, Post those entries to the acc 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 ac 3. Prepare an adjusted trial balance as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three months ended December 31,2021. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 2021. 8. Prepare a post-closing tral balance ac or becerinber st, 2021 Answer is not complete. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31,2021. 1. Prepare joumal entries to record each of the December transactions. Post those entries to the accounts in the ledger 2-a. Prepare adjusting enties to reflect a through f 2-b. Post the journal entiles to record each of the December transactions, adjusting entries to the accounts in the ledger 3. Prepare an adjusted tral balance as of becemser 31, 2021. 4. Prepare an income statement for the three months encled December 31, 2021. 5. Prepare a statement of retained eamings for the three months ended December 31, 2021 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31, 2021. * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a post-closino trial balance as of December 31,2021 Step by Step Solution
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