The following information is for all of the following to completed: general journal, general ledger, trial balance, income statement, statement of owner's equity, balance sheet, & impact on income.

Elite Systems began operations on October 2017. The November 30, 2017 industrial balances included on the trial balance tab. Record the following transactions and events for December 2017 Dec. 2 Paid $1,330 cash to Southside wall for Elite Systems share of all avertising costs Dec. Paid She cash for in repairs to the company computer bec. 4 Received 55,00 cash froe Petter Engineering Co. For the receivab r o November Dec. 10 Paid cash to Kelly for six days of work at the rate of $ per day Dec. 14 Notified by Potter Engineering Co. that Elite Systes bid of S p roposed project has been compte 2.000 cash advance to Elite Systems Dec. 15 Purchased 51, of computer supplies on credit for any of ice Posts Dec. 15 Sent e nder to fox Co. to pay the Fee for services recorded on November Dec. 20 Completed a project for Clark Corporation and received $6, cash Dec 28 Raceived 33,00 cash froe Fox Co. on its receivable Dec. 29 Reimbursed . Kelley for business automobile silenge ( les at 32 per sile) Dec. 31 D. Kelley withdrew $1,0 cash from the company for personal use. Patter pada The following additional facts are collected for use in making adjusting entries prior to preparing francial statements for the company's first three months: 6. The December 31 Inventory count of computer supplies shows $980 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. 6. As of December 31, Nina Kelley has not been paid for four days of work at $180 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 ife with no savage value t. Three of the four months prepaid rent has expired. General Journal General Ledger Income Statement St Owners Bars Equity impacto You may view either the adjusted or adjusted trial balance by choosing from the drop-dow choice will determine the reported values on the financial statement tabs. box below. Your Adjusted - ELITE SYSTEMS Trial Balance Dec 31, 2017 Elite Systems began operations on October 1, 2017. The November 30, 2017 unadjusted trial balance is included on the trial balance tab. Record the following transactions and events for December, 2017 Dec. Dec. 2 Paid $1,330 cash to Southside Mall for Elite Systees' share of all advertising costs. 3 Paid $700 cash for sinor repairs to the company's computer. Dec. 4 Received $5,800 cash from Potter Engineering Co. for the receivable free Naveeber Dec. 18 Paid cash to Nina Kelley for six days of work at the rate of $10 per day Dec, 14 Notified by Potter Engineering Co. that Elite Systems bid of $8,000 on proposed project has been accepted. Potter paid a 52,800 cash advance to Elite Systems Dec. 15 Purchased $1,tee of computer supplies on credit from Kennedy Office Products Dec. 16 Sent a reminder to Fox Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Clark Corporation and received $6,500 cash. Dec. 28 Received $3,400 cash from Fox Co. on its receivable. Dec. 29 Reimbursed D. Kelley for business automobile mileage (60e miles at $0.12 per sile) Dec. 31 D. Kelley withdrew $1,980 cash from the company for personal use. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months: .. The December 31 inventory count of computer supplies shows $980 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Nina Kelley has not been paid for four days of work at $180 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 ife with no salvage value . Three of the four months prepaid rent has expired Requirement General Journal General Ledger Balance Income Statement St Owners Et are she ance Sheet Impact on Income Use the drop-down to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account based on your selection. Adjusted ELITE SYSTEMS Income Statement For Three Months Ended December 31, 2017 S Expenses: 10 ISA10 TO To ol Net Income Elite Systems began operations on October 2017. The November 30, 2017 unadused tribalance tab. Record the following transactions and events for December, 2017 d on the trial balance bet 2 Paid $1,130 cash to Southside all for Elite Systes share of an Dec. 3 Paid $200 cash for nor repairs to the con computer Dec. 4 Received 55,800 cash froe Potter Engineering Co. for the receivable for Dec. 1e Paid cash to Nina Kelley for six days of work at the rate of s peedy Dec. 14 Notified by Potter Engineering to that Elite Systems bid of Su 2. cash advance to Elite System Dec. 15 Purchased 51,00 of conter les credit o d e r Dec. 16 Sent e nder to Fox Co to pay the fee for services recorded on November Dec. 20 Completed a project for Clarks Corporation and received sobech Dec. 28 Received $3,400 cash free for Co. on its receivable Dee. 29 Reimbursed D. Kelley for business automobile lege See les at S p erwe) Dec. 31 D. Kelley withdrew $1,900 cash from the company for personale been accepted. Fotter The following additional acts are collected for use in making adusting entries prior to preparing financial statements for the company's first three months a. The December 31 inventory count of computer Supplies shows 5980 stil available 1. Three months have expired since the 12-month insurance premium was paid in advance c. As of December 31, Nina Kelley has not been paid for four days of work at $180 per day d. The computer system, acquired on October 1, is expected to have a four year life with no selvage value e. The office equipment, acquired on October 1, is expected to have a five-year fe with no savage value t. Three of the four months prepaid rent has expired Regurement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on For each adjustment indicate the income statement and balance sheet account affected, and the impact on net income If an adjustment caused net income to decrease enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hints Select unadjusted on the drop down.) Adjusted Account affecting the A unting entry related a) Computer scoles Computer supplies D e b) Precedence c) Acued wages Depreciation - Computer equipment e) Degree