- Student Name Business Solutions Unadjusted Trial Balance December 31 2020 Account Credit 101 Cash 106 Accounts Rec 1 (74.91 KiB) Viewed 3 times
- Student Name Business Solutions Unadjusted Trial Balance December 31 2020 Account Credit 101 Cash 106 Accounts Rec 2 (72.91 KiB) Viewed 3 times
- Student Name Business Solutions Unadjusted Trial Balance December 31 2020 Account Credit 101 Cash 106 Accounts Rec 3 (38.32 KiB) Viewed 3 times
- Student Name Business Solutions Unadjusted Trial Balance December 31 2020 Account Credit 101 Cash 106 Accounts Rec 4 (26.39 KiB) Viewed 3 times
Business Solutions, Adjusted Trial Balance, December 31, 2020 # Account Credit 101 Cash 106 Accounts receivable Computer supplies Prepaid insurance 126 128 131 Prepaid rent 163 164 167 Accumulated depreciation-Office equipment Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 403 Office equipment 637 640 Dividends Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense 652 655 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals Debit Business Solutions, Post-Closing Trial Balance, December 31, 2020 Credit Account Debit
After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2020, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2020) follows. Number 101 106 126 128 31 163 164 Accumulated depreciation-office equipment 167 168 201 210 236 307 318 319 403 612 613 623 637 640 652 655 676 Account Title 677 684 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Debit $ 39,164 12,918 2,645 1,980 3,280 8,800 23,200 Miscellaneous expenses Repairs expense-Computer Totals 6,100 0 0 2,400 0 0 0 Credit $0 0 0 0 67,000 0 1,688 664 210 735 $ 103,784 $ 103,784 Business Solutions had the following transactions and events in December 2020. 36,784
December 2 Paid $1,000 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $470 cash for minor repairs to the company's computer. December 4 Received $4,850 cash from Alex's Engineering Co. for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $120 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,600 on a proposed project has been accepted. Alex's paid a $2,400 cash advance to Business Solutions. December 15 Purchased $2,100 of computer supplies on credit from Harris office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. pecember 20 Completed a project for Liu Corporation and received $5,875 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,700 cash from Gomes Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (400 miles at $0.22 per mile). December 31 The company paid $1,200 cash in dividends. The fallait