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GL0305 - Based on the Serial Problem LO P1, P2, P3, P4, P5, P6 od bos The November 30, 2018, unadjusted trial balance of Economic Interests is found in the Trial balance tab. Economic Interests had the following transactions and events in December 2018. Dec. 2 Pald $1,120 cash to Oceanview Mall for Economic Interests' share of mall advertising costs. Dec. 3 Paid $560 cash for minor repairs to the company's computer. Dec. 4 Received $6,200 cash from Arnold Engineering Co. for the receivable from November. Dec. 10 Paid cash to Miguel Clark for six days of work at the rate of $260 per day. Dec. 14 Notified by Arnold Engineering Co. that Economic Interests bid of $7,300 on a proposed project has been accepted. Arnold paid a $1,650 cash advance to Economic Interests. Dec. 15 Purchased $1,800 of computer supplies on credit from Kelley Office Products. Dec. 16 Sent a reminder to Pelcher Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Marshall Corporation and received $7,000 cash. Dec. 22- Took the week off for the holidays. 26 Dec. 28 Received $4,200 cash from Pelcher Co. on its receivable. Dec. 29 Reimbursed P. Clark for business automobile mileage (800 miles at $0.32 per mile). Dec. 31 The company paid $1,800 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 rint rences a. The December 31 inventory count of computer supplies shows $1.140 still available. b. Three months have expired since the 12 month insurance premium was paid in advance. c. As of December 31, Miguel Clark has not been paid for four days of work at $260 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 1. Three of the four months prepaid rent has expired. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income General Journal tab - Prepare lournal entries for each of the December transactions. Then using the information given for ME Graw HAIN Prav GL0305 - Based on the Serial Problem LO P1, P2, P3, P4, P5, P6 od bos The November 30, 2018, unadjusted trial balance of Economic Interests is found in the Trial balance tab. Economic Interests had the following transactions and events in December 2018. Dec. 2 Pald $1,120 cash to Oceanview Mall for Economic Interests' share of mall advertising costs. Dec. 3 Paid $560 cash for minor repairs to the company's computer. Dec. 4 Received $6,200 cash from Arnold Engineering Co. for the receivable from November. Dec. 10 Paid cash to Miguel Clark for six days of work at the rate of $260 per day. Dec. 14 Notified by Arnold Engineering Co. that Economic Interests bid of $7,300 on a proposed project has been accepted. Arnold paid a $1,650 cash advance to Economic Interests. Dec. 15 Purchased $1,800 of computer supplies on credit from Kelley Office Products. Dec. 16 Sent a reminder to Pelcher Co. to pay the fee for services recorded on November 8. Dec. 20 Completed a project for Marshall Corporation and received $7,000 cash. Dec. 22- Took the week off for the holidays. 26 Dec. 28 Received $4,200 cash from Pelcher Co. on its receivable. Dec. 29 Reimbursed P. Clark for business automobile mileage (800 miles at $0.32 per mile). Dec. 31 The company paid $1,800 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 rint rences a. The December 31 inventory count of computer supplies shows $1.140 still available. b. Three months have expired since the 12 month insurance premium was paid in advance. c. As of December 31, Miguel Clark has not been paid for four days of work at $260 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 1. Three of the four months prepaid rent has expired. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Income General Journal tab - Prepare lournal entries for each of the December transactions. Then using the information given for ME Graw HAIN Prav