1 Dec 02 Dec 03 Dec 04 Dec 10 Dec 14 Dec 15 Dec 16 Dec 20 D

After the success of the company\'s first two months, Santana Rey continues to operate Business unadjusted trial balance of Business Solutions (reflecting its transactions for October and Novenoer of 2017) follows. 186 Accounts receivable 128 Prepaid insurance 163 office equipment 101 Cash 126 Computer supplies 131 Prepaid rent 39,064 13,218 2,545 1,860 3,288 8,880 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 387 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 26,800 71,680 6,300 29,854 2,580 1,638 634 210 805 $100,854 $100,854 Totals

Solution

Business Solutions Journal Entries December 31st Date Particular Amount(Dr) Amount(Cr) 2nd Dec Advertisement Expenses $            965.00     To Cash $                                    965.00 (Being amount paid to Hillside Mall for Advertisement Expenses) 3rd Dec Repairs Expenses-Computer $            460.00    To Cash $                                    460.00 (Paid Cash for minor repairs for office computer) 4th Dec Cash $        4,650.00    To Accounts Receivable $                                4,650.00 (Received cash from Alex Engineering Co.) 10th Dec Wages A/c($120*6) $            720.00 To Cash $                                    720.00 (Being amount paid to Lyn Addie for 6 days work) 14th Dec Cash A/c $        1,900.00 To Unearned Computer Service Revenue $                                1,900.00 (Being amount received as advance for services from Alex\'s Engineering company) 15th Dec Computer Supplies $        1,400.00     To Accounts Payable $                                1,400.00 (Being Purchase of computer supplies on account) 16th Dec No Entry 20th Dec Cash A/c $        6,025.00     To Computer Service Revenue $                                6,025.00 (Being amount received for Liu corporation) 28th Dec Cash A/c $        3,500.00     To Accounts Receivable $                                3,500.00 (Being amount received from customer) 29th Dec Mileage Expenses $              96.00      To Cash $                                      96.00 (Being amount reimbursed to S.Ray for automobile mileage expenses) 31st Dec Dividend $        1,200.00        To Cash $                                1,200.00 (Being amount paid for dividend Business Solutions Adjusted Journal Entries For the Month ended December 31st Date Particular Amount(Dr) Amount(Cr) 31st Dec Computer Supplies Expenses=($2545+$1400-$590) $        3,355.00     To Computer supplies $                                3,355.00 (Being amount of computer supplies expenses) 31st Dec Insurance Expenses=(1860*3/12) $            465.00      To Prepaid Insurance $                                    465.00 (Being amount transfer to insurance expenses) 31st Dec Wages A/c($120*4) $            480.00    To Wages Payable $                                    480.00 (Being amount of Wages Expenses Payable) 31st Dec Depreciation A/c-Computer=($20,000/4)*(3/12) $        1,250.00      To Accumulated Depreciation $                                1,250.00 (Being amount of Depreciation on Computer) 31st Dec Depreciation A/c-Office Equipment=($8800/5)*(3/12) $            440.00      To Accumulated Depreciation $                                    440.00 (Being amount of Depreciation on Office Equipment) 31st Dec Rent Expenses=($3280*3/4) $        2,460.00      To Prepaid Rent $                                2,460.00 (Being amount of Rent Expenses) Cash A/c Particular Amount Particular Amount To Balance B/d $      39,064.00 By Advertisement Exp $        965.00 To Accounts Receivable $        4,650.00 By Computer repairs exp $        460.00 To Unearned Computer Service Revenue $        1,900.00 By Wages $        720.00 To Computer Service Revenue $        6,025.00    By Mileage Expenses $          96.00 To Accounts Receivable $        3,500.00    By Dividend $    1,200.00 By Bal c/d $ 51,698.00 Total $      55,139.00 Total $ 55,139.00 Accounts Receivable Particular Amount Particular Amount To Balance B/d $      13,218.00 By Cash $    4,650.00 By Cash $    3,500.00 By Bal C/d $    5,068.00 Total $      13,218.00 Total $ 13,218.00 Accounts Payable Particular Amount Particular Amount To Bal c/d $        1,400.00 By Computer supplies $    1,400.00 $        1,400.00 $    1,400.00 Computer Supplies Particular Amount Particular Amount To Balance B/d $        2,545.00 By computer expense $    3,355.00 To Accounts Payable $        1,400.00 By Bal C/d $        590.00 Total $        3,945.00 Total $    3,945.00 Prepaid Rent Particular Amount Particular Amount To Balance B/d $        3,280.00 By Rent A/c $    2,460.00 By Bal C/d $        820.00 Total $        3,280.00 Total $    3,280.00 Prepaid Insurance Particular Amount Particular Amount To Balance B/d $        1,860.00 By Insurance $        465.00 By Bal C/d $    1,395.00 Total $        1,860.00 Total $    1,860.00 Accumulated Depreciation-Computer Particular Amount Particular Amount To Bal C/d $        1,250.00 By Bal b/d $                 -   By depreciation $    1,250.00 Total $        1,250.00 Total $    1,250.00 Accumulated Depreciation-Office Equipment Particular Amount Particular Amount To Bal C/d $            440.00 By Bal b/d $                 -   By depreciation $        440.00 Total $            440.00 Total $        440.00 Wages Payable Particular Amount Particular Amount To Bal C/d $            480.00 By Bal b/d $                 -   By Wages $        480.00 Total $            480.00 Total $        480.00 Business Solution Adjusted Trial Balance December 31st Cash $      51,698.00 Accounts Receivable $        5,068.00 Computer Supplies $            590.00 Prepaid Insurance $        1,395.00 Prepaid Rent $            820.00 Office Equipment $        8,800.00 Computer $      20,000.00 Accumulated Depreciation-Office Equipment $                                    440.00 Accumulated Depreciation-Computer $                                1,250.00 Accounts Payable $                                1,400.00 Wages Payable $                                    480.00 Unearned Computer Service Revenue $                                1,900.00 Common Stock $                              71,000.00 Dividend(6300+1200) $        7,500.00 Computer Serive Revenue(29854+6025) $                              35,879.00 Rent Expenses $        2,460.00 Wages Expenses $        2,980.00 Advertisement Expenses $        2,603.00 Insurance Expenses $            465.00 Computer Supplies Expenses $        3,355.00 Mileage Expenses $            730.00 Misc Expenses $            210.00 Repairs Computer Expenses $        1,265.00 Depreciation $        1,690.00 Retained Earnings Total $    111,629.00 $                            112,349.00