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Samect Data: 4 Parker owns and operates a consulting firm called Business Polutions. The buciness recorded and posted Business Solutions had the following transactions in
Samect Data: Parker owns and operates a consulting firm called Business Polutions. The buciness recorded and posted
Business Solutions had the following transactions in Depern ber
Dec Paid $ cash to Hillside Mall for Business Solutions's chare of mall adverteing costs.
Paid $ cash for minor repairs to the companys computer
Received $ cash from Alex's Engineering Company for the receivable from November.
Paid cash to Lyn Addie for six days of work at the rate of $ per day
Notified by Alex's Engineering Company that Business Solutions's bid of $ on a proposed project has been accepted. Alex's paid a $ cash advance to Busness Solutions.
Purchased $ of computer supplies on credit from Hams Office Products
Completed a project for Liu Corporation and received $ cash.
Received $ cash from Gomez Company on its receivable
Reimbursed S Rey for business automobile mileage miles at $ per mie
S Rey withdrew $ cash from the company for personal use
Debitarus
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months of operations.
a The December inventory count of computer supplies shows $ stt avalate
b Three months have expired since the month insurance premium was pad in advance.
c As of December Lyn Addie has not been paid for four days of work at $ per day
d The computer system, acquired on October is expected to have a fouryear lite with no salvage value.
e The office equipment, acquired on October is expected to have a fiveyear we with no salvage value.
f Three of the four months' prepaid rent have expired
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