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After the success of its first two monks. Mary Graham has decided to contince operating Echo systems. (The transactions that occured in these montts are described. Before procoeding in December, Graham adds these new accounts to the chart of accounts for the lodger: Accounts Accumulated Aepreciation, Office Equipment 164 Accumulated Depreciation, comprter Equipment 168 wages payable unearned computer Services Revenue Depreciation Expense, Office Equipment Depectation Expense, Comprtes Equipment Insurance Expense Rent Expense computer supplies Expense Required 1. prepare journal entries to record each of the following transactions for Echo system Dost the entries to the accounts in the leager: sec3 paid $2,100 to the Lakeshore Mall for the company's share of mall advertisning cost 3 pard $1,200 to repair the company's camputer 4 Received \$7,500 from Alamo Engineering Co. for the receivable from the prior montk. 10 paid Carly smitt for six days work at the rate of $200 per day. 14 Motified by Alamo Engineering CO. that Echo's bid of \$12,000 en a proposed project was accepted. Alamo paid an advance of $3000 17 purchased \$2,310 comprter supplies on credit from Abbott office products. 18 sent a reminder to Fostek CO to pan the fee for services origunally record on Morember 8. Sec 20 completed a project for Elite Corporation and recewed \& 11,250 cash. 2428 Took the week off for the holidays. 31 Received $5,700 from Fostek 00 . on its receivable 31 Reimbursed Mary Graham's brininess antomorile expenses of 600 kilometres at $1.00 per kilometse. 31 Graham withdrew $3,600 cash from the business. 2. prepare adjusting entries to record the following additional information collected on December 3!! 2020 . post the entries to the accounts in the leclger. a. The secember 31 inventory of computes Sapplies was $1,440. the rate of 200 per day. d. The computer is expected to have a four year hfe with no residual value. e. The affice equipment is expected to have a three year life with no residual value. f. prepaid rent for three of the four months has expired. 3- prepare an adjusted trial balance as of secember 31,2020 4. prepare an income statement and statement of changes in equity for the three montts ended December 31,2020 5. prepore a balance sheet as of Decimber 312020 CHECK FIGURES: 2 Tofal credits in post closing trial balance =$155,720 The transaction of Echo system for october Hringh secember 2020 have been recorded and as well as the year, ending entries. prior to closing the temporary accounts for 2020, the accounting system is moditied to include the income summany account, which is given the number 901 Required 1. Record and post the approprate closing entries 2. prepare a post-closing trial balanc