0 168 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. No. Account Title Debit Credit 101 Cash $ 38,664 106 Accounts receivable 13,118 126 Computer supplies 2,645 128 Prepaid insurance 1,980 131 Prepaid rent 3,040 163 office equipment 8,000 164 Accumulated depreciation office equipment S 167 Computer equipment 23,600 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 69,000 318 Retained earnings 319 Dividends 6,000 403 Computer services revenge 34,899 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 2,525 637 Insurance expense 0 Rent expense 0 652 Computer supplies expense 655 Advertising expense 1,688 676 Mileage expense 664 677 Miscellaneous expenses 200 684 Repairs expense-computer 275 Totals S102,899 $102,899 0 0 0 0 0 0 640 0 Business Solutions had the following transactions and events in December 2019. Business Solutions had the following transactions and events in December 2019, Dee. 2 Paid $1,010 cash to Hillside Mall for Business Solutions share of wall advertising costs. 3 Paid $480 cash for minor repairs to the company's computer. 4 Received $4,650 cash from Alex's Engineering Co. for the receivable from November. 10 Paid cash to Lyn Addie for six days of work at the rate of $110 per day. 14 Notified by Alex's Engineering co. that Business Solutions bid ot $7.900 on a proposed project has been accepted. Alex's paid a $2,200 cash advance to Business Solutions. 15 Purchased $1,700 of computer supplies on credit from Harris office Products. 16 Sent a reminder to Gomez co. to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $5,975 cash. 22- took the week oft for the holidays. 26 28 Received $3,900 cash from Gomes Co. on its receivable. 29 Reimbursed s. Rey for business automobile mileage (400 miles at $0.22 per mile). 31 The company paid $1,100 cash in 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 31 inventory count of computer supplies shows $670 still available b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $110 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. 5. Prepare a statement of retained earnings for the three months ended December 31, 2019. 6. Prepare a balance sheet as of December 31, 2019. 7. Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 2B 8. Prepare a post-closing trial balance as of December 31, 2019