Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

complete the tables Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is requlred for

complete the tables
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is requlred for a transaction/event, seloct "No foumal entry required" in the first account fieid. Journal entry worksheet 4 5 6 7 8 11 Paid $975 cash to Hillaide Mall for Business Solutions's share of mall advertising costs. Noter Enter debits before credits. Post the journal entrias to record each of the December transirctions, adjusting entries to the accounts in the fedger. 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 becenter 3 Pald sueo cash for minar repales to the conpany's computer. December 10 Paid cash to tyn Addie for six days of work at the rate of $115 per day. accepted. Alex's paid a $1,800 cash advance to busineis solutions. Decester 15 purchased $1,900 of computer supplies on credit from Harris office products. December 20 completed a project for 40 corporation and recelved $6,575 cash. thecenber 2226, rook the week off for the holidays. Decreber 28 Mecelived $3,700cash from Gomez Company on its recelvatile. The following additional facts ate collected for use in making adjustang cntries prior to preparing financial statements for the Journal entry worksheet 23456 The December 31 inventory count of computer supplies shows $580 still available. Notes Enter debits before credits. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is requlred for a transaction/event, seloct "No foumal entry required" in the first account fieid. Journal entry worksheet 4 5 6 7 8 11 Paid $975 cash to Hillaide Mall for Business Solutions's share of mall advertising costs. Noter Enter debits before credits. Post the journal entrias to record each of the December transirctions, adjusting entries to the accounts in the fedger. 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 becenter 3 Pald sueo cash for minar repales to the conpany's computer. December 10 Paid cash to tyn Addie for six days of work at the rate of $115 per day. accepted. Alex's paid a $1,800 cash advance to busineis solutions. Decester 15 purchased $1,900 of computer supplies on credit from Harris office products. December 20 completed a project for 40 corporation and recelved $6,575 cash. thecenber 2226, rook the week off for the holidays. Decreber 28 Mecelived $3,700cash from Gomez Company on its recelvatile. The following additional facts ate collected for use in making adjustang cntries prior to preparing financial statements for the Journal entry worksheet 23456 The December 31 inventory count of computer supplies shows $580 still available. Notes Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions