closing entries trail balance

Parker Consulting Parker Consulting Income Statement ( 10 points) For Three Months Ended December 31, 2020 Parker Consulting Statement of Owner's Equity (5 points) For Three Months Ended December 31, 2020 Parker Consulting Closing Entries (10 points) Parker Consulting had the following transactions in December 2020. Dec 2 Provided $3,950 consulting services to Gomez Company on account. - 3 Paid \$1,025 cash to Hillside Mall for Parker Consulting's share of mall advertising costs. - 4 Paid $400 cash for minor repairs to the company's computer. -10 Purchased \$1,100 of computer supplies on credit from Harris Office Products. -14 Paid cash to employee for six days of work at the rate of $125 per day. 15 Notified by Alex's Engineering Co. that Parker Consulting' ' bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500cash advance to Parker Consulting. 20 Completed a project for Lyn Corporation and received $6,425 cash. 28 Received $3,000 cash from Gomez Co. on its receivable. 29 Reimbursed S. Parker $193 for business automobile mileage. 31 S. Parker withdrew $2,100 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 of operations: a. The December 31 inventory count of computer supplies shows $320 still available. b. Three of the four months' prepaid rent has expired. c. Three months have expired since the 12-month insurance premium was paid in advance. d. As of December 31, the only employee of Parker Consulting had not been paid for four days of work at $125 per day. e. The computer system, acquired for $8,000 on October 1 , is expected to have a five-yea life with no salvage value. f. The office equipment, acquired for $20,000 on October 1 , is expected to have a fouryear life with no salvage value