The November unadjusted trial balance of Solid Systems is found in the Trial balance tab. Solid Systems had the following
transactions and events in December
December Paid $ cash to Lakeside Mall for Solid Systems' share of mall advertising costs.
December Paid $ cash for minor repairs to the company's computer.
December Received $ cash from Kelley Engineering Compnay for the receivable from November.
December Paid cash to Mary Potter for six days of work at the rate of $ per day.
December Notified by Kelley Engineering Compnay that Solid Systems' bid of $ on a proposed project has
been accepted. Kelley paid a $ cash advance to Solid Systems.
December Purchased $ of computer supplies on credit from Green Office Products.
December Sent a reminder to Byrnes Compnay to pay the fee for services recorded on November
December Completed a project for Clark Corporation and received $ cash.
December Took the week off for the holidays.
December Received $ cash from Byrnes Compnay on its receivable.
December Reimbursed C Brady for business automobile mileage miles at $ per mile
December Paid $ cash for 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:
a The December inventory count of computer supplies shows $ still available.
b Three months have expired since the month insurance premium was paid in advance.
c As of December Mary Potter has not been paid for four days of work at $ per day.
d The computer system, acquired on October is expected to have a fouryear life with no salvage value.
e The office equipment, acquired on October is expected to have a fiveyear life with no salvage value.
f Three of the four months' prepaid rent has expired.