ting Cycle Project GLO306-Based on the Serial Problem LO A1, P1, P3 The November 30, 2017, unadjusted trial balance of Fox Computing is found in the Trial balance tab. Fox Computing had the following transactions and events in December 2017 Dec. 2 Paid $1,180 cash to Gulfview Mall for Fox Computing' share of mall advertising costs. Dec. 3 Paid $6e0 cash for minor repairs to the company's computer Dec. 4 Received $6, 300 cash from Fields Engineering Co. for the receivable from November. Dec. 10 Paid cash to Mike Fox for six days of work at the rate of $16e per day Dec. 14 Notified by Fields Engineering co. that Fox Computing' bid of $7,580 on a proposed project has been accepted. Fields paid a $1,750 cash advance to Fox Computing Dec. 15 Purchased $1,900 of computer supplies on credit from Perry Office Products. Dec. 16 Sent a reminder to Walsh Co. to pay the fee for services recorded on Novenber 8. Dec. 28 Completed a project for Pelcher Corporation and received $7,200 cash. Dec. 28 Received $4,600 cash from Walsh Co. on its receivable. Dec. 29 Reimbursed 3. Fox for business automobile mileage (6se miles at $e.32 per mile). Dec. 31 The company paid $2,20e cash in dividends. The following additional facts are collected for use in making adjusting entries prior to preparing fin financial statements for the company's first three months: a. The December 31 inventory count of computer supplies shows $1,220 still available. b. Three months have expired since the 1 2-month insurance premium was paid in advance. c. As of December 31, Mike Fox has not been paid for four days of work at $160 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. Income St Retained General Trial Balance Statement Ledger Prepare journal entries for each of the December transactions. If no journal entry is required, select "No journal entry required" in the first account field. Then, using the 3-step adjusting entry process, and the information given for adjustments, prepare the adjusting entry necessary to correctly report the revenue earned or the expense ting Cycle Project GLO306-Based on the Serial Problem LO A1, P1, P3 The November 30, 2017, unadjusted trial balance of Fox Computing is found in the Trial balance tab. Fox Computing had the following transactions and events in December 2017 Dec. 2 Paid $1,180 cash to Gulfview Mall for Fox Computing' share of mall advertising costs. Dec. 3 Paid $6e0 cash for minor repairs to the company's computer Dec. 4 Received $6, 300 cash from Fields Engineering Co. for the receivable from November. Dec. 10 Paid cash to Mike Fox for six days of work at the rate of $16e per day Dec. 14 Notified by Fields Engineering co. that Fox Computing' bid of $7,580 on a proposed project has been accepted. Fields paid a $1,750 cash advance to Fox Computing Dec. 15 Purchased $1,900 of computer supplies on credit from Perry Office Products. Dec. 16 Sent a reminder to Walsh Co. to pay the fee for services recorded on Novenber 8. Dec. 28 Completed a project for Pelcher Corporation and received $7,200 cash. Dec. 28 Received $4,600 cash from Walsh Co. on its receivable. Dec. 29 Reimbursed 3. Fox for business automobile mileage (6se miles at $e.32 per mile). Dec. 31 The company paid $2,20e cash in dividends. The following additional facts are collected for use in making adjusting entries prior to preparing fin financial statements for the company's first three months: a. The December 31 inventory count of computer supplies shows $1,220 still available. b. Three months have expired since the 1 2-month insurance premium was paid in advance. c. As of December 31, Mike Fox has not been paid for four days of work at $160 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. Income St Retained General Trial Balance Statement Ledger Prepare journal entries for each of the December transactions. If no journal entry is required, select "No journal entry required" in the first account field. Then, using the 3-step adjusting entry process, and the information given for adjustments, prepare the adjusting entry necessary to correctly report the revenue earned or the expense