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The November 30, 2017, unadjusted trial balance of Fox Computing is found in the Trial balance tab. Fox Computing had the following transactions and events
The November 30, 2017, unadjusted trial balance of Fox Computing is found in the Trial balance tab. Fox Computing had the following transactions and events in December 2017 Dec. 2 Paid $1,188 cash to Gulfview Mall for Fox Computing' share of sall advertising costs. 45 Dec. 18 Paid cash to Mike Fox for six days of work at the rate of $160 per day Dec. 14 Notifsed by Fields Engineering Co. that Fox Computing bid of $7,500 on a proposed project has been accepted. Fields paid a Dec. 15 Dec. 16 Sent a reminder to Halsh Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Pelcher Corporation and received $7,280 cash. Dec. 28 Received $4,680 cash from Walsh Co. on its receivable. $1,758 cash advance to Fox Computing d $1,9e0 of computer supplies on credit from Perry Office Products Dec. 29 Reinbursed 3. Fax for business automobile mileage (6se miles at $e.32 per mile) Dec. 31 The company paid $2,280 cash in dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months References a. The December 31 inventory count of computer supplies shows $1.220 still available. b. Three months have expired since the 12-month insurance premium was paid in advance c As of December 31, Mike Fox has not been paid for four days of work at $160 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 life with no salvage value f. Three of the four months prepaid rent has expired GeneralTrial Balance Statement St Retained Balance Sheet Income Impact on adjusted balances. Debit Nov 30 Nov 30 Dc 02 32 200 The November 30, 2017, unadjusted trial balance of Fox Computing is found in the Trial balance tab. Fox Computing had the following transactions and events in December 2017 Dec. 2 Paid $1,188 cash to Gulfview Mall for Fox Computing' share of sall advertising costs. 45 Dec. 18 Paid cash to Mike Fox for six days of work at the rate of $160 per day Dec. 14 Notifsed by Fields Engineering Co. that Fox Computing bid of $7,500 on a proposed project has been accepted. Fields paid a Dec. 15 Dec. 16 Sent a reminder to Halsh Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Pelcher Corporation and received $7,280 cash. Dec. 28 Received $4,680 cash from Walsh Co. on its receivable. $1,758 cash advance to Fox Computing d $1,9e0 of computer supplies on credit from Perry Office Products Dec. 29 Reinbursed 3. Fax for business automobile mileage (6se miles at $e.32 per mile) Dec. 31 The company paid $2,280 cash in dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months References a. The December 31 inventory count of computer supplies shows $1.220 still available. b. Three months have expired since the 12-month insurance premium was paid in advance c As of December 31, Mike Fox has not been paid for four days of work at $160 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 life with no salvage value f. Three of the four months prepaid rent has expired GeneralTrial Balance Statement St Retained Balance Sheet Income Impact on adjusted balances. Debit Nov 30 Nov 30 Dc 02 32 200
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