dy Mode: Comprehensive Problem Saved Help Save & Exit Submit Check my work Business Solutions had the following transactions and events in December 2017 Dec. 2 Paid $935 cash to Billside Mall for Business solutions share of mal1 advertising costs. 3 Paid $420 eash for minor repaira to the company's computer 4 Received $4,750 cash from Alex's Engineering Co. for the receivable from Novenber 10 Paid eash to Lyn Addie for aix days of work at the rate of $11s per day oints 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,000 eash advance to businens Solutions. 15 Purchased $1,500 of computer supplies on credit troa Harris office Products. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8 20 Completed a project for Liu Corporation and received $5,725 cash. eBock Print References 22- Took the week off for the holidays 26 28 Received $3, 600 cash from Gomez Co. on its receivable. 29 Reinbursed S. Rey for business autonobile mileage (500 miles at s0.26 per mile). 31 The company paid $1.100 cash in dividends 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 31 inventory count of computer supplies shows $630 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 $115 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. office equipment t, acquired on October 1, is expected to have a five year life with no salvage value f. Three of the four months' prepaid rent has expired Required: 1. Prepare journal entries to record each of the December t 2-a. Prepare adjusting entries to reflect a through f 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the 3. Prepare an adjusted trial balance as of December 31, 2017 4. Prepare an income statement for the three months ended December 31 2017 transactions and events for Business Solutions accounts in the dy Mode: Comprehensive Problem Saved Help Save & Exit Submit Check my work Business Solutions had the following transactions and events in December 2017 Dec. 2 Paid $935 cash to Billside Mall for Business solutions share of mal1 advertising costs. 3 Paid $420 eash for minor repaira to the company's computer 4 Received $4,750 cash from Alex's Engineering Co. for the receivable from Novenber 10 Paid eash to Lyn Addie for aix days of work at the rate of $11s per day oints 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,000 eash advance to businens Solutions. 15 Purchased $1,500 of computer supplies on credit troa Harris office Products. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8 20 Completed a project for Liu Corporation and received $5,725 cash. eBock Print References 22- Took the week off for the holidays 26 28 Received $3, 600 cash from Gomez Co. on its receivable. 29 Reinbursed S. Rey for business autonobile mileage (500 miles at s0.26 per mile). 31 The company paid $1.100 cash in dividends 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 31 inventory count of computer supplies shows $630 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 $115 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. office equipment t, acquired on October 1, is expected to have a five year life with no salvage value f. Three of the four months' prepaid rent has expired Required: 1. Prepare journal entries to record each of the December t 2-a. Prepare adjusting entries to reflect a through f 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the 3. Prepare an adjusted trial balance as of December 31, 2017 4. Prepare an income statement for the three months ended December 31 2017 transactions and events for Business Solutions accounts in the