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est 1 Ques CUMULATIVE PROBLEM - Smart Computer Service This comprehensive problem starts in this chapter and continues in Chapters 3, 4, and 5. On
est 1 Ques CUMULATIVE PROBLEM - Smart Computer Service This comprehensive problem starts in this chapter and continues in Chapters 3, 4, and 5. On October 1, 2017, Smart Computer Service organized a computer service company called Smart Computer Service Systems. Smart Computer Serviceis organized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Smart Computer Service has adopted the calendar year for reporting, and expects to prepare the company's first set of financial statements as of December 31, 2017. The initial chart of accounts for the accounting system includes these items: Account Account Name Number 101 Cash 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment Computer Equipment 201 Accounts Payable Account Account Name Number 301 Smart Computer Service, Capital 302 Smart Computer Service. Withdrawals 403 Computer Services Revenue 623 Wages Expense 655 Advertising Expense 676 Mileage Expense 684 Repairs Expense, Computer Charitable Donations Expense Part A Required est 1 Ques CUMULATIVE PROBLEM - Smart Computer Service This comprehensive problem starts in this chapter and continues in Chapters 3, 4, and 5. On October 1, 2017, Smart Computer Service organized a computer service company called Smart Computer Service Systems. Smart Computer Serviceis organized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Smart Computer Service has adopted the calendar year for reporting, and expects to prepare the company's first set of financial statements as of December 31, 2017. The initial chart of accounts for the accounting system includes these items: Account Account Name Number 101 Cash 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment Computer Equipment 201 Accounts Payable Account Account Name Number 301 Smart Computer Service, Capital 302 Smart Computer Service. Withdrawals 403 Computer Services Revenue 623 Wages Expense 655 Advertising Expense 676 Mileage Expense 684 Repairs Expense, Computer Charitable Donations Expense Part A Required
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