Question: 6 8 4 Repairs expense - Computer Totals Business Solutions had the following transactions and events in December 2 0 2 1 . Dec. 2
Repairs expenseComputer
Totals
Business Solutions had the following transactions and events in December
Dec. Paid $ cash to Hillside Mall for Business Solutions's share of mall advertising costs.
Paid $ cash for minor repairs to the company's computer.
Received $ cash from Alex's Engineering Co for the receivable from November.
Paid cash to Lyn Addie for six days of work at the rate of $ per day.
Notified by Alex's Engineering Co that Business Solutions's bid of $ on a proposed project has been accepted. Alex's paid a $ cash advance to Business Solutions.
Purchased $ of computer supplies on credit from Harris Office Products.
Sent a reminder to Gomez Co to pay the fee for services recorded on November
Completed a project for Liu Corporation and received $ cash.
Took the week off for the holidays.
Received $ cash from Gomez Co on its receivable.
Reimbursed S Rey for business automobile mileage miles at $ per mile
S Rey withdrew $ cash from the company for personal use.
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 inventory count of computer supplies shows $ still available.
b Three months have expired since the month insurance premium was paid in advance.
c As of December Lyn Addie has not been paid for four days of work at $ per day.
d The computer system, acquired on October is expected to have a fouryear life with no salvage value.
e The office equipment, acquired on October is expected to have a fiveyear life with no salvage value.
f Three of the four months' prepaid rent have expired.
Required
Prepare journal entries to record each of the December transactions and events for Business Solutions. Post those entries to the accounts in the ledger.
Prepare adjusting entries to reflect a through Post those entries to the accounts in the ledger.
Prepare an adjusted trial balance as of December
Check Adjusted trial balance totals$
Use the information provided in the first picture from the screen to fill out the pages in the photos!!!! please get all transactions, correct including A through F and making adjusting entries prior to prepare financial statements for the company first three months
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
