First Class Systems began operations on October 1, 2017. The November 30, 2017 unadjusted trial balance is included on the trial balance tab. Record the following transactions and events for December, 2017. Dec. 2 Paid $1,180 cash to Westview Mall for First Class Systems' share of mall advertising costs. Dec. 3 Paid $600 cash for minor repairs to the company's computer. Dec. 4 Received $5,400 cash from Kelley Engineering Co. for the receivable from November. Dec. 10 Paid cash to John Hayes for six days of work at the rate of $220 per day. Dec. 14 Notified by Kelley Engineering Co. that First Class Systems' bid of $7,500 on a proposed project has been accepted. Kelley paid a $1,750 cash advance to First Class Systems. Dec. 15 Purchased $1,350 of computer supplies on credit from Smith Office Products. Dec. 16 Sent a reminder to Aloan Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Byrnes Corporation and received $6,100 cash. Dec. 28 Received $4,000 cash from Aloan Co. on its receivable. business automobile mileage (600 miles at $0.32 per mile). Dec. 31 M. Hayes 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: a. The December 31 inventory count of computer supplies shows $780 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, John Hayes has not been paid for four days of work at $220 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 has expired. a. The December 31 inventory count of computer supplies shows $780 still available b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, John Hayes has not been paid for four days of work at $220 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 has expired. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Impact on Income Trial Balance December 31, 2017 Account Title Credit Debit 28,580 13,600 2,700 2,960 4,300 12,000 26,400 75,500 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment M. Hayes, Capital M. Hayes, Withdrawals Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 4,500 28,100 4,620 1,830 850 300 960 103,600 $ $ 103,600