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? Today at Apple-A., Apple D Bing G Google Yahoo Eimported From Safari S Tutorial 3: where & - evv York truck atta.\" Extra Credit Assignment 6 Help Save Saved After the success of the company\'s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017) follows. Account Title Debit Credit 39,264 13,018 2,545 2,040 3,060 8,400 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Aocounts payable 210 Wages payable 236 Unearned computer services revenue 07 Common stock 318 Retained earnings 319 Dívidends 403 Computer services revenue 612 Depreciation expenso-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 22,800 73,000 6,200 2,500 655 Advertising expense 676 Mileage expense 677 Hiscellaneous expenses 684 Repaira expense-Computer 1,648 210 Totals $103,054 $103,054 ?Prev 1 of 11 Next > pptx

Solution

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Part 1.	Journal Entries
Date	Account	Debit	Credit
Dec 2	Advertising Expense	930
	Cash		930
Dec 3	Repairs Expense	430
	Cash		430
Dec 4	Cash	4250
	Accounts Receivable		4250
Dec 10	wages Expense	720
	Cash		720	120*6
Dec 14	Cash	1900
	Unearned Computer Service Revenue		1900
Dec 15	Computer Supplies	1400
	Accounts Payable		1400
Dec 20	Cash	6425
	Computer Service Revenue		6425
Dec 28	Cash	3400
	Accounts Receivable		3400
Dec 29	Mileage Expense	108
	Cash		108
Dec 31	Dividends	1200
	Cash		1200
Part 2a.	Adjusting Entries
Date	Account	Debit	Credit
Dec 31	Computer Supplies Expense	3305
	Computer Supplies		3305
	(2545+1400-640)
Dec 31	Insurance Expense	510
	Prepaid Insurance		510
	(2040/12*3)
Dec 31	wages Expense	480
	wages Payable		480
Dec 31	Depreciation Expense-Computer	1425
	Accumulated Depreciation-Computer		1425
	(22800/48*3)
Dec 31	Depreciation Expense-Office Equipment	420
	Accumulated Depreciation-Office equipment		420
	(8400/60*3)
Dec 31	Rent Expense	2295
	Prepaid Rent		2295
	(3060/4*3)
	Closing Entries
Dec 31	Retained Earning	7400
	Dividend		7400
Dec 31	Computer Service Revenue	36479
	Income Summary		36479
Dec 31	Income Summary	16350
	Depreciation Expense-Office Equipment		420
	Depreciation Expense-Computer		1425
	Wages Expense		3700
	Insurance Expense		510
	Rent Expense		2295
	Computer Supplies Expense		3305
	Advertising Expense		2578
	Mileage Expense		752
	Miscelaneou Exp		210
	Repair Expense		1155
Dec 31	Income Summary	20129
	Retained Earning		20129