The following transactions occurred for PLATINUM IT SERVICES during the month of December 2018 and January2 019: 112/01/18 Opened a corporate bank account at Chase Bank 2 | 12/01/18 Purchase of 10,000 shares of Platinum IT Services stock each by co-founders at a par value of $30 per share 3 12/01/18 Company borrowed $80,000 from Chase Bank at 5% annually for 3 years to finance further hiring s An nterest is accrued and payable starting date of when the loan was approved. 4 12/01/18 Licensed computer software from Supreme Computer Code for $10,000 for a period of 5 years, putting down $5,500 with the balance due on 01/18/18 Ck #1008, Inv # 158 5 12/01/18 Deposit all proceeds from the capital raise into the Chase checking bank account 6 12/02/18 Purchased two automobiles (vans) for $42,351 each to service customer calls (useful life is 5 years) Ch. 1002, Inv. 18009111 7 | 12/03/18 Entered into a 10 year office lease (5,000 square feet) at $12 per square foot per year 8 | 12/03/18 Bought supplies on account from Office Depot, $1,185, Inv. #1425 9 | 12/04/ 18 Paid $251,610 total in leasehold improvements to general contractor to upgrade the office space Ck. #1004. Inv. 004 10 | 12/05/18 Paid a deposit (one month's rent) and current month's rent Ck. #1003. 11 | 12/06/18 Received a bill from| The LA Times for advertising during the month of December, $2,501, Inv. LAT #198 12 | 12/08/18 Purchased furniture and fixtures for $100,000 (useful life is 5 years) Ck. #1001, Inv. 1537 13 12/09/18 Purchased for $161,050 office computers and equipment from BestBuy (useful life is 3 years) using corporate Chase Ink card. All credit card balances are paid in full on the 28th of every month) 14 12/10/18 Bought an electric sign (useful life is 3 years) from Mega Light Signs, $5,500, putting $1,000 down, and placing the balance on account, Cl. #1004, Inv 6712. 15 | 12/11/18 Provided IT services to Client #1 on account for $25,510 16 | 12/12/18 Performed and billed Client #2 for repair services for $15,050. 17 12/16/18 Received and paid bill from the City of Los Angeles for license to do business for the year of 2018; 35, . #1009, Miscellaneous Expense). 18 | 12/16/18 Performed consultation services on account for Client 3, $32,100 19 12/19/18 Performed installation services on account for Client 94, $105,000 20 12/20/18 Took all employees out for a birthday celebration to Macstro's for $5,010, and paid bill by credit card 21 | 12/22/18 Paid the balance due to Supreme Computer Code Ck, #1009, Inv # 168 22 | 12/25/18 Paid salesperson's submitted travel reimbursement request for $100, Ck. #1012 23 | 12/28/18 Received and paid the December 2018 electric bill, $.500. . #1011 24 | 12/29/18 Company received a bill from auto mechanic for $600 due within 30 days, Inv# 019697 25 12/31/18 Declared and paid a dividend of $5,000 to each of the owners 26 12/31/18 Owner's cach purchased 1,000 additional shares/stock for $25 per share 27 01/05/19 Paid commissions to salesperson 28 01/05/19 Company paid current month's rent 29 | 01/08/19 Paid on account to The LA Times, 650, Ck. #1006. Inv. LAT #198 30 01/09/19 Hired a new sales associate for $150,000 a year 8 5 PLATINUM IT SERVICES Adjusted Trial Balance Income Statement Balance Sheet Trial Balance Adjustments Account Titles Dr. Cr Cash-Checking Account Accounts Reivable Computer and Office Equipment Furniture & Fixtures (F&F) Electric Sign Accumulated Depreciation-Electric Sign Accumulated Depreciation-Autos Intangible Assets- Sotware License Accounts Payable Acmunts Payable-Credit Cards Notes Payable Commissions Payable Interest Payable Unearned Service Revenue Common Stock Service Revenue Advertising Expense Commissions Expense Miscellaneous Expense Travel Expenses Meals and Entertainment Expenses Rent Expense 0.00 0.00 Interest Expense Supplies Expense