Green Initiatives began operations on October 1, 2019 The November 30, 2019 unadjusted trial balance is included on the trial balance tab Record the following transactions and events for December, 2019 Dec 2Paid $1,090 cash to Southview Mall for Green Initiatives' share of mall advertising costs Dec 3Paid $540 cash for minor repairs to the company's computer Dec 4Received $7,000 cash from Jackson Engineering Co for the receivable from November Dec 10Paid cash to Michael Green for six days of work at the rate of $180 per day Dec 14Notified by Jackson Engineering Co that Green Initiatives' bid of $7,200 on a proposed project has been accepted Jackson paid a $1,600 cash advance to Green Initiatives Dec 15Purchased $2,300 of computer supplies on credit from Pelcher Office Products Dec 16Sent a reminder to Hayes Co to pay the fee for services recorded on November 8 Dec 20Completed a project for Brady Corporation and received $8,000 cash Dec 28Received $4,600 cash from Hayes Co on its receivable Dec 29Reimbursed M Green for business automobile mileage (800 miles at $0 32 per mile) Dec 31M Green withdrew $2,600 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 The December 31 inventory count of computer supplies shows $1,540 still available Three months have expired since the 12 month insurance premium was paid in advance As of December 31, Michael Green has not been paid for four days of work at $180 per day The computer system, acquired on October 1, is expected to have a four year life with no salvage value The office equipment, acquired on October 1, is expected to have a five year life with no salvage value Three of the four months' prepaid rent have expired General Journal tab Prepare journal entries for each of the December transactions Then, using the information given for adjustments, prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred After adjusting the accounts, review the general ledger and trial balance for accuracy General Ledger tab Each journal entry is posted automatically to the general ledger Use the drop down button to view the unadjusted or adjusted balances Trial Balance tab You may view either theunadjusted or adjusted trial balance by choosing from the dropdown box below Your choice will determine the reported values on the financial statement tabs Income Statement tab Use the drop downs to select the accounts properly included on the income statement Theunadjusted or adjusted balances will appear for each account, based on your selection Statement of Owner's Equity tab Theunadjusted or adjusted balances will appear for each account, based on your selection Balance Sheet tab Use the drop downs to select the accounts properly included on the balance sheet Theunadjusted or adjusted balances will appear for each account, based on your selection Impact on Income tab For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income If an adjustment caused net income to decrease, enter the amount as a negative value Net income before adjustments can be found on the income statement tab (Hint Select unadjusted on the dropdown )

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Green Initiatives began operations on October 1, 2019. The November 30, 2019 unadjusted trial balance is included on the trial balance tab. Record the following

Green Initiatives began operations on October 1, 2019. The November 30, 2019 unadjusted trial balance is included on the trial balance tab. Record the following transactions and events for December, 2019.

Dec.2Paid $1,090 cash to Southview Mall for Green Initiatives' share of mall advertising costs.Dec.3Paid $540 cash for minor repairs to the company's computer.Dec.4Received $7,000 cash from Jackson Engineering Co. for the receivable from November.Dec.10Paid cash to Michael Green for six days of work at the rate of $180 per day.Dec.14Notified by Jackson Engineering Co. that Green Initiatives' bid of $7,200 on a proposed project has been accepted. Jackson paid a $1,600 cash advance to Green Initiatives.Dec.15Purchased $2,300 of computer supplies on credit from Pelcher Office Products.Dec.16Sent a reminder to Hayes Co. to pay the fee for services recorded on November 8.Dec.20Completed a project for Brady Corporation and received $8,000 cash.Dec.28Received $4,600 cash from Hayes Co. on its receivable.Dec.29Reimbursed M. Green for business automobile mileage (800 miles at $0.32 per mile).Dec.31M. Green withdrew $2,600 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.

The December 31 inventory count of computer supplies shows $1,540 still available.
Three months have expired since the 12-month insurance premium was paid in advance.
As of December 31, Michael Green has not been paid for four days of work at $180 per day.
The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
Three of the four months' prepaid rent have expired.

General Journal tab-Prepare journal entries for each of the December transactions.Then, using the information given for adjustments, prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred.After adjusting the accounts, review the general ledger and trial balance for accuracy.

General Ledger tab- Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted or adjusted balances.

Trial Balance tab- You may view either theunadjusted or adjusted trial balance by choosing from the dropdown box below.Your choice will determine the reported values on the financial statement tabs.

Income Statement tab-Use the drop-downs to select the accounts properly included on the income statement.Theunadjusted or adjusted balances will appear for each account, based on your selection.

Statement of Owner's Equity tab-Theunadjusted or adjusted balances will appear for each account, based on your selection.

Balance Sheet tab-Use the drop-downs to select the accounts properly included on the balance sheet.Theunadjusted or adjusted balances will appear for each account, based on your selection.

Impact on Income tab-For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value.Net income before adjustments can be found on the income statement tab.(Hint:Select unadjusted on the dropdown.)