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.
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.