Beruflich Dokumente
Kultur Dokumente
The November
No. Account Title Debit
101 Cash $ 38,564
106 Accounts receivable 13,018
126 Computer supplies 2,545
128 Prepaid insurance 1,980
131 Prepaid rent 3,200
163 Office equipment 8,100
164 Accumulated depreciation—Office equipment
167 Computer equipment 20,400
168 Accumulated depreciation—Computer equipment
201 Accounts payable
210 Wages payable
236 Unearned computer services revenue
307 Common stock
318 Retained earnings
319 Dividends 6,100
403 Computer services revenue
612 Depreciation expense—Office equipment 0
613 Depreciation expense—Computer equipment 0
623 Wages expense 2,325
637 Insurance expense 0
640 Rent expense 0
652 Computer supplies expense 0
655 Advertising expense 1,678
676 Mileage expense 654
677 Miscellaneous expenses 230
684 Repairs expense—Computer 735
Totals $ 99,529
Business Solutions had the following transactions and events in December 2016.
Dec. 2
3
4
10
14
15
16
20
22–26
28
29
31
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for
1. The December 31 inventory count of computer supplies shows $590 still available.
2. Three months have expired since the 12-month insurance premium was paid in advance.
3. As of December 31, Lyn Addie has not been paid for four days of work at $115 per day.
4. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
5. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
6. Three of the four months' prepaid rent has expired.
Required:
1. Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is
olutions. The November 30, 2016, unadjusted trial balance of Business Solutions (reflecting its transactions for October and Novembe
Credit
Journal Entries
S.No Accounts Title Debit
Dec-02 Advertising expense $ 930
Cash
Credit
$ 930
$ 470
$ 4,450
$ 690
$ 2,000
$ 1,900
$ 6,475
$ 3,800
$ 160
$ 1,000
Credit
$ 3,855
$ 800
$ 460
$ 1,275
$ 405
$ 2,400