Old MathJax webview

Old MathJax webview

Old MathJax webview

where do I find beginning balance?? is this needed?

added trial balance

The November 30, 2018, unadjusted trial balance of Security First is found in the Trial balance tab. Security First had the following transactions and events in December 2018 Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. Dec. 2 Paid $1,060 cash to Northview Mall for Security First' share of mall advertising costs. 3 Paid $520 cash for minor repairs to the company's computer. 4 Received $6,900 cash from Brady Engineering Co. for the receivable from November. 10 Paid cash to Zahara Hughes for six days of work at the rate of $160 per day. 14 Notified by Brady Engineering Co. that Security First' bid of $7,100 on a proposed project has been accepted. Brady paid a $1,550 cash advance to Security First. 15 Purchased $2,250 of computer supplies on credit from Arnold Office Products. 16 Sent a reminder to Jackson Co. to pay the fee for services recorded on November 8. 20 Completed a project for Masters Corporation and received $7,900 cash. 22- Took the week off for the holidays. 26 28 Received $4,400 cash from Jackson Co. on its receivable. 29 Reimbursed K. Hughes for business automobile mileage (750 miles at $0.32 per mile). 31 The company paid $2,700 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 $1,500 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31. Zahara Hughes has not been paid for four days of work at $160 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. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income Prepare journal entries for each of the December transactions. If no journal entry is required, select "No journal entry required" in the first account field. Then, using the 3-step adjusting entry process, and 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 neneral ledner and trial halance for accuracy nr ! . Show les No Date Account Title Debit Credit 1 Dec 02 1,060 Advertising expense Cash 1,060 2 Dec 03 520 Repairs expense - Computer Cash 520 3 Dec 04 Cash 6,900 Accounts receivable 6,900 4 Dec 10 160 X Wages expense Cash 160 x 5 Dec 14 1,550 > Cash Unearned computer services revenue 1,550 6 Dec 15 2,250 Computer supplies Accounts payable 2,250 7 Dec 16 No journal entry required 8 Dec 20 7,900 Cash Computer services revenue 7,900 9 Dec 28 Cash 4,400 Accounts receivable 4,400 10 Dec 29 240 Mileage expense Cash 240 11 Dec 31 Dividends 2,700 Cash 2,700 12 Dec 31 Computer supplies expense Computer supplies 13 Dec 31 Insurance expense Prepaid insurance o 14 Dec 31 Wages expense Wages payable 15 Dec 31 Depreciation expense - Computer equipment Accumulated depreciation - Computer equipment 16 Dec 31 Depreciation expense - Office equipment Accumulated depreciation - Office equipment OO 17 Dec 31 Rent expense Prepaid rent Requirement General Journal General Ledger Trial Balance Income Statement St Reta Earni Use the drop-downs to select the accounts properly included on the inc balances will appear for each account, based on your selection. Adjusted SECURITY FIRST Income Statement For Three Months Ended December 31, 2019 Revenues $ 0 4 0 Expenses 0 0 0 0 0 0 0 0 0 0 0 Net income $ 0