Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Purchased $1,100 of computer supplies on credit from Harris Office Products. Sent a reminder to Gomez Company to pay the fee for services recorded on
Purchased $1,100 of computer supplies on credit from Harris Office Products. Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. SP 3 Serial Problem Business Solutions (Static) LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Completed a project for Liu Corporation and received $5,625 cash. Paid $1,500 cash for dividends. Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. Note: Enter debits before credits. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the le Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account fiel Journal entry worksheet 67811 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Journal entry worksheet 4567811 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Journal entry worksheet 67811> Received $3,950 cash from Alex's Engineering Company for the receivable from November. Note: Enter debits before credits. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account fi Journal entry worksheet 67811 Paid $500 cash for minor repairs to the company's computer. Note: Enter debits before credits. Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile). 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started