Question

Check my work GLO305 - Based on the Serial Problem Business Solutions LO P1, P2, P3, P4, P5, P6 27:55 The November 30, 2018, unadjusted trial balance of Business Solutions is found in the Trial balance tab. Business Solutions had the following transactions and events in December 2018 Dec 2 Paid $1,025 cash to Hillside Mall for Business Solutions share of mall advertising costs. Dec. 3. Paid $500 cash for minor repairs to the company's computer. Dec. 4 Received $3,950 cash from Alex's Engineering Co. for the receivable from November. Dec. 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. Dec. 14 Notified by Mex's Engineering Co. that Business Solutions bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. Dec. 15 Purchased $1,100 of computer supplies on credit from larrie Office Products. Dec. 16 Sent a reminder to Gomez Co. to pay the foo for services recorded on November 8. Dee. 20 Completed a project for Liu Corporation and received $5,625 cash. Dec. 22- Took the week off for the holidays. 26 Dec. 28 Received $3,000 cash from Comer Co. on its receivable. Dec. 29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile). Dec. 31 The company paid $1,500 cash in dividends. Dok rint rences The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months:

Answer 1

Answer:

Refer to attached file for detail explaination.

MARCH Tos To Bl Rolex) To plex 500 150 To Comes Co. To Lincorporation 5625 By wcile Expenses CASHACCOUNT 160 NOVEMBER 30, 2018 q $ 3450 By Advertising isoo by Repair axpenses . (125x6) Receivable) 3,000 By Alex -7000 By s Rey 192 By Dividend 1500 By balone cid. 2108 130 75 13075 Adjustment entries " Purchases All for To Harrie office Product 11oo. e 580 To TradingAic С C (3 wages All Soo To Outstanding wages Hoo 580 Closing stock Dr 500 Dr

Tradingelzofit closnate 18 . EDNESDAY on'36 Dec 2018, Armount Amount " To purchases 100 To Outstanding Sao To Advestsing (025 Buclosing store To Repair Exp To wages To Dividend 1500 580 4795 500 Byte to Gross Loss cid 750 53 75 5375 Balance Sheet on 3 Dec 2018 Liabilities Assets Outstanding het 500 closing stock 580 Capital 6983 Cash 2108 (Balancing Grossonet Loss 4,795 figur) 7,4831 7483