1.000 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2020, uracjusted trial elence of Business Solutions reflecting its transactions for October ard November of 2020) follows. Win Account II Dehlt rett 18- Cuale 5,764 IN ri.nterer 19. 2.0 Cup. Uspliu 2,549 171 Preps in 1. 13. Prop. J Pet 3,280 161 041: Sant 164 Accuwlated depreciation office equisent $ 167 Computer - tperent 29.10 168 accuwisted depreciation Computer cquirent 201 Antenayable @ 21e Mes payable 8 250 Learned to services revenus 397 Corn stock 67.868 313 Butained in 319 Amante 6. 433 Cory.te services reme 35, 613 De re expence+10 t 2 013 Ceresit CT vient 621 UNDP Spente 9,15 03/ LTHUIVIRUS SR 052 Copter sulle OS 695 Partene 1. 6/6 rilege expense 614 GT decollADRE XTR 100 GE Reale panta-Computer 275 Tatals 5103,510 5103,519 Business Solutions had the following transactions and events in December 2020. Dec. Pola 50 cento de Vall to Durres Solutions's share of all overtting rosts. 3 Puid 1413 case for mirror repair tu the computer Red 5A Pachtron intering A. For the recef vahie tres recher. Ly for six Not 1+1rd in Nagle Incinering on that the bed at an pramcad pragart ne septes. Naye puidu $200 cseh advance to be .lulilla 55 Puranes , at camputee eupitee on credeterminerte Ot+sce Pescuitr. 36 Surinder to Gonca Co. to pay the fee for services recorded on November 8 20 Csep.stes pragart tar tu berarti and receive 50,525 Enth. 22- Took ze week off for the holidays. 26 28 Received $3,200 cash from Gomez co on its receivable 20 Ruleur S. Ray for business stabileage (sesle at $0.22 per side 31 The company polo $1,500 cash individerds The following additional facts are colected for use in making adjusting entries prier to precaring financial statements for the Company's first three months a. The Deverber wentury count of computer supplies show $590 stileveletle. b. The move expired since Ure 12 monthou nice rerum was paid moderne C. As of December 1 Lyn Addie has not been paid for four days of work al $115 per day. d. The computer system coquired on October 1, is expected to have a four-yee life witro salvage value. e. The office equipment, acquired on Octocer 1. is expected to have a five year with no selvage value f. Three of the four months prepaid rent have expred. Required 1. Prepare Jumal entries to recorrench of the December transactions and events for Business Solutions 2.a. Prepare adjusting entries to relect a through 2-b. Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 24. After conclering Requirement 7 post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2020 4. Precare an income statement for the three months ended December 21, 2020 5. Prepare a satement of retained earnings for the three montis ended December 31, 2020 6. 2 ere a beance sheets of December 2020 of 31, 2019 and then post the closingentes to the general ledger m Requirement 20 8. Peserta poi cong trial balance as of December 31, 2020 1.000 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2020, uracjusted trial elence of Business Solutions reflecting its transactions for October ard November of 2020) follows. Win Account II Dehlt rett 18- Cuale 5,764 IN ri.nterer 19. 2.0 Cup. Uspliu 2,549 171 Preps in 1. 13. Prop. J Pet 3,280 161 041: Sant 164 Accuwlated depreciation office equisent $ 167 Computer - tperent 29.10 168 accuwisted depreciation Computer cquirent 201 Antenayable @ 21e Mes payable 8 250 Learned to services revenus 397 Corn stock 67.868 313 Butained in 319 Amante 6. 433 Cory.te services reme 35, 613 De re expence+10 t 2 013 Ceresit CT vient 621 UNDP Spente 9,15 03/ LTHUIVIRUS SR 052 Copter sulle OS 695 Partene 1. 6/6 rilege expense 614 GT decollADRE XTR 100 GE Reale panta-Computer 275 Tatals 5103,510 5103,519 Business Solutions had the following transactions and events in December 2020. Dec. Pola 50 cento de Vall to Durres Solutions's share of all overtting rosts. 3 Puid 1413 case for mirror repair tu the computer Red 5A Pachtron intering A. For the recef vahie tres recher. Ly for six Not 1+1rd in Nagle Incinering on that the bed at an pramcad pragart ne septes. Naye puidu $200 cseh advance to be .lulilla 55 Puranes , at camputee eupitee on credeterminerte Ot+sce Pescuitr. 36 Surinder to Gonca Co. to pay the fee for services recorded on November 8 20 Csep.stes pragart tar tu berarti and receive 50,525 Enth. 22- Took ze week off for the holidays. 26 28 Received $3,200 cash from Gomez co on its receivable 20 Ruleur S. Ray for business stabileage (sesle at $0.22 per side 31 The company polo $1,500 cash individerds The following additional facts are colected for use in making adjusting entries prier to precaring financial statements for the Company's first three months a. The Deverber wentury count of computer supplies show $590 stileveletle. b. The move expired since Ure 12 monthou nice rerum was paid moderne C. As of December 1 Lyn Addie has not been paid for four days of work al $115 per day. d. The computer system coquired on October 1, is expected to have a four-yee life witro salvage value. e. The office equipment, acquired on Octocer 1. is expected to have a five year with no selvage value f. Three of the four months prepaid rent have expred. Required 1. Prepare Jumal entries to recorrench of the December transactions and events for Business Solutions 2.a. Prepare adjusting entries to relect a through 2-b. Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 24. After conclering Requirement 7 post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2020 4. Precare an income statement for the three months ended December 21, 2020 5. Prepare a satement of retained earnings for the three montis ended December 31, 2020 6. 2 ere a beance sheets of December 2020 of 31, 2019 and then post the closingentes to the general ledger m Requirement 20 8. Peserta poi cong trial balance as of December 31, 2020