ignments ACC 2021-001: P. Chapter 3 Help Save & E GL0305 - Based on the Serial Problem Business Solutions LO P1, P2, P3, P4, P5, P6 The November 30, 2018, unadjusted trial balance of Business Solutions is found in the Trial balance tab. Business Solutions had the following transactions and events in December 2018 Dec. 2 Paid $1,025 cash to Hillside Mall for Business Solutions' shary of mall advertising costs. Dec. 3 Paid $500 cash for minor repairs to the company's computer. Dec. 4 Received $3,950 cash from Alex's Engineering Co. for the receivable from November. Dec. 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. Dec. 14 Notified by Alex's Engineering Co. that Business Solutions bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. Dec. 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. Dec. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Liu Corporation and received $5.625 cash Dec. 22- Took the week off for the holidays. 26 Dec. Dec. Dec. 28 Received $3,000 cash from Gomez Co. on its receivable. 29 Reimbursed s. Rey for business automobile mileage (600 miles at 10.32. per mile). 31 The company paid $1,500 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 $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 has expired. Help Save Requirement General General Journal Ledger Trial Balance Income St Retained Statement Earnings Balance Sheetl Impact on Income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Book Show less Print Adjusted rences BUSINESS SOLUTIONS Balance Sheet December 31, 2019 ASSETS Current assets: 1000000 Plant assets: Help Save & Plant assets: Total plant assets inces LIABILITIES AND EQUITY Liabilities: Equity: Impact on income > Saved Help BUSINESS SOLUTIONS Trial Balance December 31, 2019 Account Title -Cash Credit $ Book Print Debit 36,564 16,568 3,065 2.220 3,300 8,000 20,000 500 erences 750 Accounts receivable Computer supplies Prepaid insurance Prepaid rent office equipment - Computer equipment Accumulated depreciation - Computer equipment Wages payable Unearned computer services revenue Common stock Dividends - Computer services revenue Wages expense Advertising expense - Mileage expense Miscellanous expenses Repairs expense - Computer Total 7,000 73,000 7.100 25,659 2,625 2,753 896 250 805 112,396 98,650 5af5