Here is the trial balance:

The November 30, 2018, unadjusted trial balance of Fields Initiatives is found in the Trial balance tab. Fields Initiatives had the following transactions and events in December 2018. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 Paid $1,330 cash to Eastview Mall for Fields Initiatives' share of mall advertising costs. 3 Paid $700 cash for minor repairs to the company's computer. 4 Received $6,700 cash from Jones Engineering Co. for the receivable from November. 10 Paid cash to Michelle Fields for six days of work at the rate of $260 per day. 14 Notified by Jones Engineering Co. that Fields Initiatives' bid of $8,000 on a proposed project has been accepted. Jones paid a $2,000 cash advance to Fields Initiatives. 15 Purchased $2,150 of computer supplies on credit from Sanchez Office Products. 16 Sent a reminder to Masters Co. to pay the fee for services recorded on November 8. 20 Completed a project for Porter Corporation and received $7,700 cash. 22- Took the week off for the holidays. 26 28 Received $4,000 cash from Masters Co. on its receivable. 29 Reimbursed c. Fields for business automobile mileage (650 miles at $0.32 per mile). 31 The company paid $2,100 cash in dividends. Dec. Dec. Dec. 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 $1,420 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Michelle Fields has not been paid for four days of work at $260 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 has expired. Income Statement For Three Months Ended December 31, 2019 Revenues: $ 0 0 Expenses: 0 O 0 O 0 O 0 0 0 0 O Net income $ 0 Adjusted Account affecting the: Impact on net income Income Statement Balance Sheet Adjusting entry related to: a) Computer supplies b) Prepaid insurance c) Accrued wages d) Depreciation - Computer equipment e) Depreciation - Office equipment f) Prepaid rent 0 Account Title Debit Credit Cash $ 53,552 Accounts receivable 12,800 5,330 2,960 7,500 12,000 Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable Unearned computer services revenue Common stock Dividends 26,400 2,150 2,000 83,500 4,200 43,800 7,020 3,120 Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 998 460 1,810 138,150 $ $ 131,450 The November 30, 2018, unadjusted trial balance of Fields Initiatives is found in the Trial balance tab. Fields Initiatives had the following transactions and events in December 2018. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 Paid $1,330 cash to Eastview Mall for Fields Initiatives' share of mall advertising costs. 3 Paid $700 cash for minor repairs to the company's computer. 4 Received $6,700 cash from Jones Engineering Co. for the receivable from November. 10 Paid cash to Michelle Fields for six days of work at the rate of $260 per day. 14 Notified by Jones Engineering Co. that Fields Initiatives' bid of $8,000 on a proposed project has been accepted. Jones paid a $2,000 cash advance to Fields Initiatives. 15 Purchased $2,150 of computer supplies on credit from Sanchez Office Products. 16 Sent a reminder to Masters Co. to pay the fee for services recorded on November 8. 20 Completed a project for Porter Corporation and received $7,700 cash. 22- Took the week off for the holidays. 26 28 Received $4,000 cash from Masters Co. on its receivable. 29 Reimbursed c. Fields for business automobile mileage (650 miles at $0.32 per mile). 31 The company paid $2,100 cash in dividends. Dec. Dec. Dec. 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 $1,420 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Michelle Fields has not been paid for four days of work at $260 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 has expired. Income Statement For Three Months Ended December 31, 2019 Revenues: $ 0 0 Expenses: 0 O 0 O 0 O 0 0 0 0 O Net income $ 0 Adjusted Account affecting the: Impact on net income Income Statement Balance Sheet Adjusting entry related to: a) Computer supplies b) Prepaid insurance c) Accrued wages d) Depreciation - Computer equipment e) Depreciation - Office equipment f) Prepaid rent 0 Account Title Debit Credit Cash $ 53,552 Accounts receivable 12,800 5,330 2,960 7,500 12,000 Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable Unearned computer services revenue Common stock Dividends 26,400 2,150 2,000 83,500 4,200 43,800 7,020 3,120 Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 998 460 1,810 138,150 $ $ 131,450