0 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Account Title Debit Credit 101 Cash $ 38,964 106 Accounts receivable 12,719 126 Computer supplies 2,645 Prepaid insurance 2,100 131 Prepaid rent 3,280 163 office equipment 9,000 166 Accumulated depreciation office equipment 167 Computer equipment 20,800 16 heumated depreciation Computer equipment 0 201 Accounts payable 210 Nages payable 0 threarned computer services revenue 9 301 3. Rey, Capital 73,000 303 3. Rey. Withdrawal 5,800 403 Computer services revenue 27,909 Depreciation exportive equipment 9 613 Depreciation expen-Computer equipment 623 esse 2,325 The expense 0 ant expense Computer supplies expense 0 Mavertit expense 1.648 670 Mileage expense 694 671 Miscellaneous expen 200 Hepairs expense-Computer 735 Totale $ 100,909 $ 100,909 236 0 Business Solutions had the following transactions and events in December 2021. December ? Pald 8930 canh to laide Ma11 for nusiness solution's share of all advertising conta December Taid $40 cash for minor repairs to the company computer. December Neculved 54,50 cash from Alex Engineering Company for the receivable from November December 18 Taid cash to Lyn die for six days of work at the rate of $105 per day December 14 Notitied by Alex'tiring company that business Solutions bid of $7,600 on proposed project has been accepted. Alex's paid a $2,200 cash advance to Business Solutions December 15 Purchased 01.200 of computer supplies on credit from Harris Office Products December 16 fent a reminder to come Company to pay the fou for services recorded on November December 20 Completed project for Liu Corporation and received $6,025 cash. December 22-26 took the week off for the holidays. December 18 Received $3,600 cash from Gomes Company on Its receivable December 29 bursad S. Hey for business automobile sileage (500 miles at $0.27 per mile) December 31s. Mwy withdrew $1,400 cash from the company for personal use. 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 $680 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addle has not been paid for four days of work at $105 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. The office equipment acquired on October 1, is expected to have a five-year life with no salvage value. 6. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through 1. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021 Journal entry worksheet 11 > 6 7 8 ..... Post the journal entries to record each of the December transactions, adjusting entries to the 105: Accounts Receivable Debit Credit 101: Cash Debit Balance 12,718 Credit Date December 01 Balance 38.964 Date December 01 126: Computer Supplies Debit Credit Date 120: Prepaid Insurance Debit Credit Balance 2,645 Date December 01 December 01 Balance 2.100 Date December 01 191. Prepaid Roni Debit Credit Balance 3.280 Date December 01 163. Office Equipment Dobit Credit Balance 9,000 164 Accumulated Deprecation-Office Equipment Date Dobit Credit Balance December 01 Data December 01 167: Computer Equipment Debit Credit Balance 20.800 167: Computer Equipment Debit Credit Balance 164. Accumulated Depreciation Office Equipment Date Debit Credit Balance December 01 Date December 01 20,800 0 201: Accounts Payable Debit Credit Date Balance 16. Accumulated Depreciation-Computer Equipment Date Debit Credit Balance December 01 0 December 01 2:10: Wages Payablo Debit Credit Balance bata December 236: Uneamed Computer Services Revenue Date Debit Credit Balance December 01 0 0 301:5 ReyCapital Debit Credit Datu December 01 Balance 73,000 302: 3. Ray. Withdrawals Debit Credit Date December 01 Balance 5,800 Date December 01 403 Computer Services Revenue Debit Credit Balance 27 900 812: Depreciation Expense Office Equipment Date Debit Credit Balance December 01 617. Depreciation Expanse Computer Equipment Date Debit Credit Balance December 01 Date December 01 623 Wages Expense Debit Credit Balance 2.325 623: Wagss Expense Debit Credit Balance 2,325 613 Depreciation Expense Computer Equipment Credit Balance December 01 Date December 01 0 640: Rent Expense Debit Credit Insurance Expense Credit Balance De Balance Date December 01 0 December 01 652: Computer fupplies Expense Debit Credit 655: Advertising Expense Debit Credit Balance Dute December 01 Date December 01 Balance 1,648 0 676: Mileage Expense Debit Credit 677: Miscellaneous Expenses Debit Credit Date December 01 Balance 694 Date December 01 Balance 200 Date December 184 Repairs Expense - Computer Dahil Credit Balance 735 Regiced? December 31, 2021 Account Title Debit Credit es Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Depreciation expense-Office equipment Depreciation expense Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense Computer Totals