The November 30, 2018, unadjusted trial balance of Solid Systems is found in the Trial balance tab. Solid Systems had the following transactions and events in December 2018. Dec. 2 Paid $1,210 cash to Lakeside Mall for Solid Systems' share of mall advertising costs. Dec. 3 Paid $620 cash for minor repairs to the company's computer. Dec. 4 Received $7,300 cash from Kelley Engineering Co. for the receivable from November. Dec. 10 Paid cash to Mary Potter for six days of work at the rate of $260 per day. Dec. 14 Notified by Kelley Engineering Co. that Solid Systems' bid of $7,600 on a proposed project has been accepted. Kelley paid a $1,800 cash advance to Solid Systems. Dec. 15 Purchased $2,500 of computer supplies on credit from Green Office Products. Dec. 16 Sent a reminder to Byrnes Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Clark Corporation and received $8,400 cash. Dec. 22- Took the week off for the holidays. 26 Dec. 28 Received $3,800 cash from Byrnes Co. on its receivable. Dec. 29 Reimbursed c. Brady for business automobile mileage (750 miles at $0.32 per mile). Dec. 31 The company paid $2,500 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: a. The December 31 inventory count of computer supplies shows $1,700 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, Mary Potter has not been paid for four days of work at $260 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. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income 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. (Hint: Select unadjusted on the drop-down.) Show less Unadjusted - Account affecting the: Income Statement Balance Sheet Impact on net income Adjusting entry related to: a) Computer supplies b) Prepaid insurance c) Accrued wages d) Depreciation - Computer equipment e) Depreciation - Office equipment ent f) Prepaid rent General Requirement Seueral General Ledger Cederal Trial Balance Trial Balance Income Statement Statement se setinged St Retained Earnings Balance Sheet Balance Sheet incommen Income Prepare journal entries for each of the December transactions. If no journal entry is required, select "No journal entry required" in the first account field. Then, using the 3-step adjusting entry process, and the information given for adjustments, prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the general ledger and trial balance for accuracy. Show less A View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Paid $1,210 cash to Lakeside Mall for Solid Systems' share of mall advertising costs. Note: Enter debits before credits. Date Account Title / Debit Credit Dec 02 Record entry Clear entry View general journal Cash Debit Accounts receivable Debit Credit No. Credit No. Date Nov 30 Balance 40,030 Date Nov 30 Balance 18,200 Prepaid insurance Computer supplies Debit Credit No. No. Debit Credit Date Nov 30 Balance 3,390 Date Nov 30 Balance 2,800 Office equipment Prepaid rent Debit No. Credit No. Debit Credit Date Nov 30 Balance 8,900 Date Nov 30 Balance 11,200 Common stock Computer equipment Debit Credit No. No. Date Debit Credit Date Nov 30 Balance 25,120 Balance 87,000 Dividends Computer services revenue No. Date Debit No. Debit Credit Balance 7,500 Date Nov 30 Balance 39,600 Wages expense Debit Credit Advertising expense Debit Credit No. No. Date Nov 30 Balance 5,460 Date Nov 30 Balance 1,750 Mileage expense Debit Credit Miscellanous expenses Debit Credit No. Balance No. Balance Date Nov 30 Date Nov 30 730 530 Repairs expense - Computer Debit Credit No. Date Balance Unadjusted SOLID SYSTEMS Trial Balance December 31, 2019 Account Title Credit Debit 40,030 18,200 3,390 2,800 8,900 11,200 25,120 87,000 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Common stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 7,500 39,600 5,460 1,750 730 530 990 126,600 $ 126,600 Unadjusted SOLID SYSTEMS Income Statement For Three Months Ended December 31, 2019 Revenues: Expenses: Net income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted SOLID SYSTEMS Statement of Retained Earnings For Three Months Ended December 31, 2019 Retained earnings, October 1, 2019 Add: Net income Less: Dividends Retained earnings, December 31, 2019 0 (7,500) SOLID SYSTEMS Balance Sheet December 31, 2019 ASSETS Current assets: Plant assets: Total plant assets LIABILITIES AND EQUITY Liabilities