Question

The November 30, 2018, unadjusted trial balance of Pelcher Systems is found in the Trial balance tab. Pelcher Systems had the following transactions and events in December 2018.
  

Dec.		2		Paid $1,300 cash to Delray Mall for Pelcher Systems’ share of mall advertising costs.
Dec.		3		Paid $680 cash for minor repairs to the company’s computer.
Dec.		4		Received $6,600 cash from Porter Engineering Co. for the receivable from November.
Dec.		10		Paid cash to Ken Pelcher for six days of work at the rate of $240 per day.
Dec.		14		Notified by Porter Engineering Co. that Pelcher Systems’ bid of $7,900 on a proposed project has been accepted. Porter paid a $1,950 cash advance to Pelcher Systems.
Dec.		15		Purchased $2,100 of computer supplies on credit from Fox Office Products.
Dec.		16		Sent a reminder to Jones Co. to pay the fee for services recorded on November 8.
Dec.		20		Completed a project for Green Corporation and received $7,600 cash.
Dec.		22-26		Took the week off for the holidays.
Dec.		28		Received $3,800 cash from Jones Co. on its receivable.
Dec.		29		Reimbursed L. Pelcher for business automobile mileage (600 miles at $0.32 per mile).
Dec.		31		The company paid $2,200 cash in dividends.

 
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company’s first three months:
  

1. The December 31 inventory count of computer supplies shows $1,380 still available.

2. Three months have expired since the 12-month insurance premium was paid in advance.

3. As of December 31, Ken Pelcher has not been paid for four days of work at $240 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.

7. PELCHER SYSTEMS
   Trial Balance
   December 31, 2019
   Account Title	Debit	Credit
   Cash	50,868
   Accounts receivable	6,200
   Computer supplies	5,250
   Prepaid insurance	2,800
   Prepaid rent	800
   Office equipment	11,200
   Computer equipment	25,120
   Accounts payable		2,100
   Wages payable		960
   Unearned computer services revenue		1,950
   Common stock		83,000
   Dividends	8,800
   Computer services revenue		43,200
   Wages expense	7,440
   Rent expense	6,500
   Advertising expense	3,070
   Mileage expense	952
   Miscellanous expenses	450
   Repairs expense - Computer	1,760
   Total	131,210	131,210

   1.Prepare a General Journal

   2.Prepare Income Statement

   3.Prepare Balance Sheet

   4Prepare Inpact on Income