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.