Comprehensive Accounting Si... i Saved Help Save & Exit Submit 1 15 Check my work 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. Number Account Title 27 101 Cash points 106 Accounts receivable 126 Skipped Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment eBook 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable Ask 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue Print 612 613 Depreciation expense-Office equipment Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense References 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals Mc Graw Hill Debit Credit $ 38,864 13,218 2,545 1,920 3,160 8,900 21,600 70,01 5,900 31,8 0 0 2,475 0 0 0 1,658 684 180 715 $ 101,819 Business Solutions had the following transactions and events in December 2021. $ 101,8 December 2 Paid $980 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $480 cash for minor repairs to the company's computer. December 4 Received $4,550 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $105 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project has been accepted. Alex's paid a $2,100 cash advance to Business Solutions. December 15 Purchased $1,700 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $6,525 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,200 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.31 per mile). < Prev 1 of 1 Next > Comprehensive Accounting Si... Saved Help Save & Exit Submit 15 Check my work 27 27 points 1 Skipped eBook Ask Print References December 31 S. Rey withdrew $1,000 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 31 inventory count of computer supplies shows $640 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 salvage value. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 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 accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021. Mc Graw Hill Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 Prepare journal entries to record each of the December transactions and events for Business Note: If no entry is required for a transaction/event, select "No journal entry required" in the View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Paid $980 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. Date December 02 General Journal Debit Credit < Prev of 1 Next > Comprehensive Accounting Si... 1 Saved Help Save & Exit Submit 15 Check my work 27 points 1 Skipped WILL NO Salvage value. f. Three of the four months' prepaid rent have expired. Required: . Prepare journal entries to record each of the December transactions and events for Business Solutions. !-a. Prepare adjusting entries to reflect a through f. !-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021. eBook Complete this question by entering your answers in the tabs below. Ask Required 1 Required 2A Required 2B Required 3 Print Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the fi References View transaction list Journal entry worksheet < 1 2 3 4 5 6 The December 31 inventory count of computer supplies shows $640 still available. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Clear entry Record entry > View general journal < Required 1 Required 2B Mc Graw Hill < Prev 1 of 1 Next Comprehensive Accounting Si... Saved Help Save & Exit Submit 1 Required 1 Required 2A Required 2B Required 3 15 Check my work Post the journal entries to record each of the December transactions, adjusting entries to the 22 27 points 101: Cash 106: Ac Date Debit Credit Balance Date Deb Skipped December 01 38,864 December 01 eBook Ask Print References Mc Graw Hill Date December 01 126: Computer Supplies Debit Date December 01 Credit Balance Date 2,545 December 01 128: P Deb 131: Prepaid Rent Debit Credit Balance Date 163: C Deb 3,160 December 01 164: Accumulated Depreciation-Office Equipment Date Debit Credit December 01 167: Co Balance Date Deb 0 December 01 168: Accumulated Depreciation-Computer Equipment Date December 01 Debit Credit Balance 0 Date December 01 < Prev 1 of 1 Next > 201: A Deb Comprehensive Accounting Si... Saved Help Save & Exit Submit 27 27 points 1 Skipped Required 1 Required 2A Required 2B Required 3 Prepare an adjusted trial balance as of December 31, 2021. BUSINESS SOLUTIONS Cash eBook Accounts receivable Computer supplies Prepaid insurance Ask 15 Check my work Adjusted Trial Balance December 31, 2021 Account Title Debit Credit Print References Prepaid rent Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals $ 0 $ 0 < Required 2B Required 3 Mc Graw < Prev 1 of 1 Next > U:11