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After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November 30, 2011, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2011) follows. No. Account Title Debit Credit 101 Cash $ 38,864 106 Accounts receivable 13,018
Notified by Alex's Engineering Co. that Business Solutions' bid of $7,200 on a proposed project has been accepted. Alex's paid a $1,600 cash advance to Business Solutions.
The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months:
Prepare journal entries to record each of the December transactions and events for Business Solutions. (In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
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