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e Edit View Hi?tory Bookmarks People Window Help Deniy re https://newconnect.mheducation.com/flow/connect.html tng New York truck atta... Today at Apple -A... Apple Bing ra Credit Assig... Other Bookmarks Saved Help Save &Exit; Submit Check my work Atter the success ot the company\'s tirst 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. No. 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 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-computer Account Title DebitCredit 39,264 13,018 2,545 2,040 3,060 8,400 22,800 73,000 6,200 30,054 2,500 1,648 644 210 725 Totals $103,054 $103,054 Prex 1 of 1 Next> st...pptx Show All

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Business Solutions General Journal Date Particular Amount (Dr) Amount (Cr) 2-Dec Advertisement Expenses $               930.00      To Cash $                                                930.00 (Being amount paid to Hillside mall for advertisement) 3-Dec Repair Expenses-Computer $               430.00      To Cash $                                                430.00 (Being amount paid for minor repair) 4-Dec Cash $           4,250.00        To Accounts Receivable $                                            4,250.00 (Being amount received from Ales\'s Engineering Co.) 10-Dec Wages=($120*6) $               720.00        To Cash $                                                720.00 (Being amount paid to Lyn Addie for six days wages @$120 per day) 14-Dec Cash $           1,900.00        To Unearned Service Revenue $                                            1,900.00 (Being amount received in advance from Ales\'s Engineering) 15-Dec Computer Supplies $           1,400.00        To Accounts Payable $                                            1,400.00 (Being amount of purchase of office supplies from Harries Office Product) 16-Dec No Entry 20-Dec Cash $           6,425.00       To Computer service revenue $                                            6,425.00 (Being amount received from Liu Corporation) 28-Dec Cash $           3,400.00       To Accounts Receivable $                                            3,400.00 (Being amount received from Gomez Company) 29-Dec Mileage Expenses(400*$.27 per mile) $               108.00        To Cash $                                                108.00 (Being amount of cost of goods sold) 31-Dec Dividend   $           1,200.00        To Cash $                                            1,200.00 (Being amount of Dividend) Adjusted Journal Entries 31-Dec Computer Supplies Expenses=($2545+$1400-$640) $           3,305.00        To Computer Supplies $                                            3,305.00 (Being amount of Computer supplies Expenses) 31-Dec Insurance Expenses=($2040*3/12) $               510.00       To Prepaid Insurance $                                                510.00 (Being amount of 3 months insurance expenses)   31-Dec Wages Expenses=($120*4) $               480.00       To Wages Payable $                                                480.00 (Being amount of Wages expenses due for four months) 31-Dec Depreciation Expenes-Computer Equipment=($22800/4)*3/12 $           1,425.00        To Accumulated Depreciation $                                            1,425.00 (Being amount of Depreciation) 31-Dec Depreciation Expenses-Office Equipment=($8400/5)*3/12 $               420.00        To Accumulated Depreciation $                                                420.00 (Being amount of Depreciation) 31-Dec Rent Expenses=($3060*3/4) $           2,295.00       To Prepaid Rent $                                            2,295.00 Advertisement Expenses Date Particular Debit Particular Credit 01-Dec Opening Balance $           1,648.00 02-Dec Cash $               930.00 By Balance c/d 2578 Total $           2,578.00 Total 2578 Repair Expenses-Computer Date Particular Debit Particular Credit 01-Dec Opening Balance $               725.00 By Bal C/d 1155 03-Dec Cash $               430.00 Total $           1,155.00 Total 1155 Wages Expenses Date Particular Debit Particular Credit 01-Dec Opening Balance $           2,500.00 By Bal C/d 3700 10-Dec Cash $               720.00 31-Dec Wages Payable $               480.00 31-Dec Total $           3,700.00 Total 3700 Computer Supplies Date Particular Debit Particular Credit 01-Dec Opening Balance $           2,545.00 By Computer Supplies Expenses $                        3,305.00 15-Dec Accounts Payable $           1,400.00 By Bal c/d $                            640.00 $           3,945.00 $                        3,945.00 Computer Supplies Expenses Date Particular Debit Particular Credit 01-Dec Computer Supplies 3305 By Bal C/d 3305 Total 3305 Total 3305 Mileage Expenses Date Particular Debit Particular Credit 01-Dec Opening Balance $               644.00 By Bal C/d $                            752.00 31-Dec Cash $               108.00 Total $               752.00 Total $                            752.00 Insurance Expenses Date Particular Debit Particular Credit 01-Dec Opening Balance $                        -   By Bal c/d $                            510.00 31-Dec Prepaid Insurance $               510.00 Total $               510.00 Total $                            510.00 Prepaid Insurance Date Particular Debit Particular Credit 01-Dec Opening Balance 2040 By Insurance Expenses 510 By Bal c/d 1530 Total 2040 Total 2040 Rent Expenses Date Particular Debit Particular Credit 31-Dec Prepaid Rent 2295 By Bal c/d 2295 Total 2295 Total 2295 Prepaid Rent Date Particular Debit Particular Credit 1st dec Bal b/d 3060 By Rent Expenses 2295 By Bal C/d 765 Total 3060 Total 3060 Depreciation-Office Equipment Date Particular Debit Particular Credit 31-Dec Accumulated Depreciation 420 By Bal c/d 420 Total 420 Total 420 Depreciation-Computer Equipment Date Particular Debit Particular Credit 31-Dec Accumulated Depreciation 1425 By Bal c/d 1425 Total 1425 Total 1425 Accumulated Depreciation-Computer Equipment Date Particular Debit Particular Credit 31-Dec To Bal C/d 1425 By Depreciation 1425 Total 1425 Total 1425 Accumulated Depreciation-Office Equipment Date Particular Debit Particular Credit 31-Dec Accumulated Depreciation-Office Equipment 420 By Depreciation 420 Total 420 Total 420 Accounts Receivable Date Particular Debit Credit Balance 01-Dec Balance 13018 13018 04-Dec Cash 4250 8768 28-Dec Cash 3400 5368 Accounts Payable Date Particular Debit Credit Balance 01-Dec Balance 15-Dec Computer Supplies 1400 1400 Unearned Service Revenue Date Particular Debit Credit Balance 01-Dec Balance 14-Dec Cash 1900 1900 Dividend Date Particular Debit Credit Balance 01-Dec Balance 6200 6200 14-Dec Cash 1200 7400 Cash Date Particular Debit Credit Balance 01-Dec Balance $         39,264.00 $                      39,264.00 02-Dec Advertisement $                                                930.00 $                      38,334.00 03-Dec Repair Expenses-Computer $                                                430.00 $                      37,904.00 04-Dec Accounts Receivable $           4,250.00 $                      42,154.00 10-Dec Wages $                                                720.00 $                      41,434.00 14-Dec Unearned Service Revenue $           1,900.00 $                      43,334.00 20-Dec Computer Service -Revenue $           6,425.00 $                      49,759.00 31-Dec Accounts Receivable $           3,400.00 $                      53,159.00 29-Dec Mileage $                                                108.00 $                      53,051.00 31-Dec Dividend $                                            1,200.00 $                      51,851.00 $                      51,851.00 Post closing trial Balance Item and Description Debit Credit Cash $         51,851.00 Accounts Receivable $           5,368.00 Computer supplies $               640.00 Prepaid Insurance $           1,530.00 Prepaid Rent $               765.00 Office Equipment $           8,400.00 Accumulated Depreciation-Office Equipment $                                                420.00 Accumulated Depreciation-Computer Equipment $                                            1,425.00 Comuter Equipment $         22,800.00 Accounts Payable $                                            1,400.00 Wages Payable $                                                480.00 Unearned Computer Service Revenue $                                            1,900.00 Common Stock $                                          73,000.00 Retained Earnings Dividends $           7,400.00 Computer Service Revenue $                                          36,479.00 Depreciation-Office Equipment $               420.00 Depreciation-Computer Equipment $           1,425.00 Wages Expenses $           3,700.00 Insurance Eapenses $               510.00 Rent Expenses $           2,295.00 Computer Supplies Expenses $           3,305.00 Advertisement Expenses $           2,578.00 Mileage Expenses $               752.00 Miscellaneous Expenses $               210.00 Repair Expenses-Computer $           1,155.00 Totals $     1,15,104.00 $                                      1,15,104.00 Business Solution Income Statement Compute Service Revenue $                                          36,479.00 Expenses Wages $           3,700.00 Insurance $               510.00 Rent $           2,295.00 Computer Supplies Expenses $           3,305.00 Advertisement $           2,578.00 Mileage Expenses $               752.00 Miscellaneous Expenses $               210.00 Repair Expenses-Computer $           1,155.00 Depreciation-Office Equipment $               420.00 Depreciation-Computer Equipment $           1,425.00 Total Expenses $                                          16,350.00 Net Income $                                          20,129.00 Business Solution Retained Earnings Retained Earnings, October 1,2017 $                        -   Add: Net Income $         20,129.00 Less: dividend $           7,400.00 Retained Earnings ,December 31st 2017 $         12,729.00 Business Solution Balance Sheet December 31st,2017 Assets $                                          51,851.00 Cash $                                            5,368.00 Accounts Receivable $                                                640.00 Computer Supplies $                                                765.00 Prepaid Rent $                                            1,530.00 Prepaid Insurance Office Equipment $           8,400.00 Less: Accumulated Depreciation $             -420.00 $                                            7,980.00 Computer Office Equipment $         22,800.00 Less: Accumulated Depreciation $          -1,425.00 $                                          21,375.00 Total Assets $                                          89,509.00 Liabilities & Shareholder\'s Equity Accounts Payable $                                            1,400.00 Wages Payable $                                                480.00 Unearned Service Revenue $                                            1,900.00 Common Stock $                                          73,000.00 Retained Earnings $                                          12,729.00 Total Liabilities & Shareholer\'s Equity $                                          89,509.00