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December 1 6 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8 . December 2 0 Completed a
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
points
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 lifave 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
b Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger.
Prepare an adjusted trial balance as of December
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Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger.
table: CashDateDebit,Credit,BalanceDecember December
table: Accounts ReceivableDateDebit,Credit,BalanceDecember Decamber m
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