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 $850 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for five days of work at $150 per day. d. The computer equipment acquired at the beginning of October is expected to have a five-year life with no salvage value. e. The office equipment acquired at the beginning of October is expected to have a ten-year life with no salvage value. f. Three of the four months' prepaid rent has expired. please update the General Journal, General Ledger, and trail balance as needed please zoom in on reference photos 11:07 AM Thu Jun 2 100% Done Answer 1 of 1 Please refer the following image for the solution: Answer Debit Credit Date Account titles and explanations S S 1-Oct Cash 75,000 Computer Equipment 5,000 Office Equipment 5,000 Common stock 85,000 (To record cash and equipment invested in business) 2-Oct Prepaid rent Cash 4,500 4,500 (To record payment of rent for 4 months) 2-Oct Computer Equipment 17,000 Cash 17.000 (To record equipment purchased) 3-Oct Computer Supplies 1,600 Accounts Payable 1,600 (To record purchase of supplies on account) 5-Oct Prepaid insurance 4,380 Cash 4,380 (To record payment of insurance for 1 year) 6-Oct A/R-West Leasing 4,300 Computer Service Revenue 4,300 (To record service provided on account) 8-Oct Accounts Payable 1,600 Cash 1,600 (To record cash paid to creditors) 10-Oct No Entry 12-Oct A/R-West Leasing Computer Service Revenue 2,600 2.600 (To record service provided on account) 15-Oct Cash A/R - West Leasing 4,300 4,300 11:07 AM Thu Jun 2 17-Oct Repair expense - computer Cash (To record repair expense) 20-Oct Advertising expense Cash Answer 1 of 1 (To record advertising expense paid) 100% Done 805 805 1,375 1.375 22-Oct Cash 2,600 A/R - West Leasing 2,600 (To record cash collected from customers) 28-Oct A/R IFM co 5,340 Computer Service Revenue 5,340 (To record service provided on account) 31-Oct Wages expense 1,200 Cash 1,200 (To record wages expense paid for eight days) 31-Oct Dividends 3,600 Cash 3,600 (To record dividend paid) 1-Nov Mileage expense (1000*$0.32) Cash 320 320 (To record mileage allowance reimbursed) 2-Nov Cash 5.325 Computer Service Revenue 5,325 (To record service provided for cash) 5-Nov Computer Supplies 1,075 Cash 1,075 (To record purchase of supplies) 8-Nov A/R-Gomez co Computer Service Revenue 5,750 5,750 (To record service provided on account) 13-Nov Cash 2,000 11:07 AM Thu Jun 2 13-Nov Cash Answer 1 of 1 Unearned computer service revenue (To record cash received for services to be perfomed in future) 100% 2,000 2,000 Done 18-Nov Cash A/R - IFM co 2.340 2,340 (To record cash collected from customers) 22-Nov Miscellaneous expense Cash 400 400 (To record donation made to united way) 24-Nov A/R- Alex Engineering co. 1,950. Unearned computer service revenue 2,000 Computer Service Revenue 3,950 (To record service provided on account) 25-Nov No Entry 28-Nov Mileage expense (1200 $0.32) 384 Cash 384 (To record mileage allowance reimbursed) 30-Nov Wages expense 2,100 Cash 2,100 (To record wages expense paid) 30-Nov Dividends 2,500 Cash 2,500 (To record dividend paid) 2-Dec Advertising expense 1.025 Cash 1,025 (To record advertising expense paid) 3-Dec Repair expense-computer 500 Cash 500 (To record repair expense) 4-Dec Cash A/R- Alex Engineering co. 1.950 1,950 (To record cash collected from customers) 11:07 AM Thu Jun 2 3-Dec Repair expense - computer Cash (To record repair expense) 100% Answer 1 of 1 500 500 4-Dec Cash A/R - Alex Engineering co. 1.950 1,950 (To record cash collected from customers) 10-Dec Wages expense ($150*6days) 900 900 Cash (To record wages expense paid) 14-Dec Cash 3,000 Unearned computer service revenue 3,000 (To record cash received for services to be perfomed in future) 15-Dec Computer Supplies 1,100 Accounts payable 1,100 (To record purchase of supplies) 16-Dec No Entry 20-Dec Cash 5,625 A/R-Liu corp 5.625 22-26 Dec (To record cash collected from customers) 28-Dec Cash A/R - Gomex co No Entry 3,000 3,000 (To record cash collected from customers) 29-Dec Mileage expense (600*$0.32) Cash (To record mileage allowance reimbursed) 31-Dec Dividends Cash (To record dividend paid) 192 192 1,800 1,800 Done