Mathematics
vargas16899
10

After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2015, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2015) follows. No. Account Title Debit Credit 101 Cash $ 38,464 106 Accounts receivable 13,518 126 Computer supplies 2,545 128 Prepaid insurance 2,220 131 Prepaid rent 2,980 163 Office equipment 8,700 164 Accumulated depreciation—Office equipment $ 0 167 Computer equipment 23,600 168 Accumulated depreciation—Computer equipment 0 201 Accounts payable 0 210 Wages payable 0 236 Unearned computer services revenue 0 301 S. Rey, Capital 72,000 302 S. Rey, Withdrawals 5,600 403 Computer services revenue 31,529 612 Depreciation expense—Office equipment 0 613 Depreciation expense—Computer equipment 0 623 Wages expense 2,525 637 Insurance expense 0 640 Rent expense 0 652 Computer supplies expense 0 655 Advertising expense 1,688 676 Mileage expense 644 677 Miscellaneous expenses 250 684 Repairs expense—Computer 795 Totals $ 103,529 $ 103,529 1- The December 31 inventory count of computer supplies shows $650 still available 2-The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. 3- The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. 4- Three of the four months' prepaid rent has expired. please help, thanks.

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JamieJamieJamie

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