nsive Problem Saved After the success of the companys first

nsive Problem Saved After the success of the company\'s first two months, Santana Rey continues to operate unadjusted trial balance of Business Solutions (reflecting its transactions for October a Account Title DebitCredit 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 $ 38,864 13,118 2,545 2,160 3,160 8,700 21,600 es 64,000 5,900 37,824 2,500 1,638 674 170 795 Totals $101,824 $101,824 Business Solutions had the following transactions and events in December 2017 Prev 1 of 1l Next

Solution

Q1) Date General Journal Debit Credit Dec-02 Advertising expense 945 cash 945 (Being cash paid for advertising expenses) Dec-03 Repairs Expense - computer 400 cash 400 (Being cash paid for computer repairs) 4 cash 4650 accounts receivable 4650 (Being cash received on account) 10 Wages expense 750 cash 750 (Being wages paid to Lyn Addie) 14 Cash 2200 Unearned computer services revenue 2200 (Being cash received in advance for computer services) 15 computer supplies 1400 accounts payable 1400 (being computer supplies purchased on credit) 16 no journal entry required 0 no journal entry required 0 20 cash 5975 computer services revenue 5975 (Being cash received for performing computer services) 28 cash 3500 accounts receivable 3500 (Being cash received from Gomez Co. for its receivable) 29 Mileage Expense 104 400*0.26 cash 104 (Being cash paid to S Rey for business automobile mileage) 31 Dividends 1000 cash 1000 (Being dividends paid in cash)