Required 1 Required 2A Required 2B Required 3 Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 11 > Paid $955 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. Date General Journal Debit Credit Dec 02 Record entry Clear entry View general journalJournal entry worksheet A 1 4 5 6 7 8 9 10 11 Reimbursed S. Rey for business automobile mileage (500 miles at $0.26 per mile). Note: Enter debits before credits. Date General Journal Debit Credit Dec 29 Record entry Clear entry View general journalJournal entry worksheet 1 4 5 6 7 8 9 10 11 S. Rey withdrew $1,100 cash from the company for personal use. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journalJournal entry worksheet 1 2 3 4 5 6 7 11 Paid $470 cash for minor repairs to the company's computer. Note: Enter debits before credits. Date General Journal Debit Credit Dec 03 Record entry Clear entry View general journalRequired 1 Required 2A Required 2B Required 3 Prepare adjusting entries to reflect a through f. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 The December 31 inventory count of computer supplies shows $650 still available. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journalJournal entry worksheet A 2 3 4 5 6 Three months have expired since the 12-month insurance premium was paid in advance. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journalJournal entry worksheet A 1 2 4 5 6 As of December 31, Lyn Addie has not been paid for four days of work at $110 per day. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journalJournal entry!r worksheet The computer system, acquired on October 1, is expected to have a fouryear life with no salvage value. Note: Enter debits before credits. Record entryr Clear entry View general journal Journal entry worksheet A 2 3 4 5 6 The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journalJournal entry worksheet 1 2 3 4 5 6 Three of the four months' prepaid rent have expired. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Record entry Clear entry View general journalPost the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance December 01 $9.164 December 01 3.418 126: Computer Supplies 128: Prepaid Insurance Date Debit Credit Balance Date Debit Credit Balance December 01 2,545 December 01 2,160 131: Prepaid Rent 163: Office Equipment Date Debit Credit Balance Date Debit Credit Balance December 01 3,020 December 01 3,700 164: Accumulated Depreciation-Office Equipment 167: Computer Equipment Date Debit Credit Balance Date Debit Credit Balance December 01 December 01 22,000168: Accumulated Depreciation-Computer Equipment 201: Accounts Payable Debit Credit Balance Date Debit Credit Balance Date December 01 0 December 01 0 210: Wages Payable 236: Unearned Computer Services Revenue Debit Credit Balance Balance Date Date Debit Credit 0 December 01 0 December 301: S. Rey, Capital 302: S. Rey, Withdrawals Debit Credit Balance Debit Credit Balance Date Date 58,000 December 01 6,200 December 01 403: Computer Services Revenue 612: Depreciation Expense-Office Equipment Debit Credit Balance Date Debit Credit Balance Date December 01 34,814 December 01 613: Depreciation Expense-Computer Equipment 623: Wages Expense Balance Date Debit Credit Balance Date Debit Credit December 01 2,250 December 01 637: Insurance Expense 640: Rent Expense Date Debit Credit Balance Date Debit Credit Balance December 01 0 December 01 0652: Computer Supplies Expense 655: Advertising Expense Date Debit Credit Balance Date Debit Credit Balance December 01 0 December 01 1,678 676: Mileage Expense 677: Miscellaneous Expenses Date Debit Credit Balance Date Debit Credit Balance December 01 664 December 01 230 684: Repairs Expense - Computer Date Debit Credit Balance December 01 785Journal entry worksheet Received $4345!) cash from Alex's Engineering Co. for the receivable from November. Note: Enter debits before credits. Record entryr Clear entry View general journal Journal entry worksheet A 1 2 3 5 6 7 8 11 > Paid cash to Lyn Addie for six days of work at the rate of $110 per day. Note: Enter debits before credits. Date General Journal Debit Credit Dec 10 Record entry Clear entry View general journalJournal entry worksheet A 1 2 3 4 5 6 7 8 11 Notified by Alex's Engineering Co. that Business Solutions's bid of $7,600 on a proposed project has been accepted. Alex's paid a $2,300 cash advance to Business Solutions. Note: Enter debits before credits. Date General Journal Debit Credit Dec 14 Record entry Clear entry View general journal Purchased $1,500 of computer supplies on credit from Harris Office Products. Note: Enter debits before credits. Date General Journal Debit Credit Dec 15 Record entry Clear entry View general journalJournal entry worksheet A 2 3 4 5 6 8 11 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. Note: Enter debits before credits. Date General Journal Debit Credit Dec 16 Record entry Clear entry View general journalJournal entry worksheet A 1 2 3 4 5 6 7 8 11 Completed a project for Liu Corporation and received $6,225 cash. Note: Enter debits before credits. Date General Journal Debit Credit Dec 20 Record entry Clear entry View general journalJournal entry worksheet