Could you help with the Closing Entries?

Project Data:

Sam Parker owns and operates a consulting firm called Business Solutions. The business

began operating in October $202$X$.$ Transactions for October and November $202$X have been

recorded and posted.

Business Solutions had the following transactions in December $202$X$.$

Dec $2$ Paid $$1,025$ cash to Hillside Mall for Business Solutions's share of mall advertising

costs.

$3$ Paid $$500$ cash for minor repairs to the company's computer.

$4$ Received $$3,950$ cash from Alex's Engineering Company for the receivable from

November.

$10$ Paid cash to Lyn Addie for six days of work at the rate of $$125$ per day.

$14$ Notified by Alex's Engineering Company that Business Solutions's bid of $$7,000$ on a

proposed project has been accepted. Alex's paid a $$1,500$ cash advance to Business

Solutions.

$15$ Purchased $$1,100$ of computer supplies on credit from Harris Office Products.

$20$ Completed a project for Liu Corporation and received $$5,625$ cash.

$28$ Received $$3,000$ cash from Gomez Company on its receivable.

$29$ Reimbursed S$.$ Rey for business automobile mileage $(600$ miles at $$0\mathrm{.}32$ per mile$).$

$31$ S$.$ Parker withdrew $$1,500$ 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 of operations:

a$.$ The December $31$ inventory count of computer supplies shows $$580$ still available.

b$.$ Three months have expired since the $12-$month insurance premium was paid in

advance.

c$.$ As of December $31,$ Lyn Addie has not been paid for four days of work at $$125$ per day.

d$.$ The computer system, acquired on October $1,$ is expected to have a four$-$year life with

no salvage value.

e$.$ The office equipment, acquired on October $1,$ is expected to have a five$-$year life with no

salvage value.

f$.$ Three of the four months' prepaid rent have expired.

Nov. $30$ Acct Balance

$101$ cash $-38\mathrm{.}264$

$106$ Acct.Rec. $-12\mathrm{.}618$

$126$ Computer supplies $-2,545$

$128$ Pre Paid Insurance $-2,220$

$131$ PrePaid Rent $-3,300$

$163$ office Equipment $-8,000$

$164$ accum Dep office equipment $-$ O$/$

$167$ Computer equipment$-20,000$

$168$ accum Dep Computer Equipment $-$ O$/$

$201$ acct Payable $-$ O$/$

$210$ Wage Payable $-$

$236$ Unearned Computer SUCS Revenue $-$ O$/$

$301$ Parker, Capital $-73,000$

$302$ Parker. withdrawals $-5,600$

$403$ Computer sucs Revenue $-25,659$

$612$ Dep. Expenses. Office Equip $-$ O$/$

$613$ Dep. Expense. Computer Equip $-$ O$/$

$623$ Wages Expense $-2,625$

$637$ Insurance Expense

$640$ Rent Expense.

$652$ Computer Supplies Expense $-$

$655$ advertising Expense $-1,728$

$676$ Mileage Expense $704$

$684$ Repairs$-$Expense$-$Computer $-805$

$901$ Sncome Summary O$/$

$677$ misc. Expense $-250$

Homework Project $1-$

Working Papers

General Journal for Requirements $1,4$ & $8$

GENERAL JOURNAL