Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable Number 101 106 126 128 131 163 167 201 Account Common stock Dividends Computer Services Revenue Wages Expense Advertising Expense Mileage Expense Miscellaneous Expenses Repairs Expense-Computer Number 307 319 403 623 655 676 677 684 October 1 S. Rey invested $55,000 cash, a $24,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,260 cash for four months' rent. Hint: Debit Prepaid Rent for $3,260. October 3 The company purchased $1,360 of computer supplies on credit from Harris Office Products. October 5 The company paid $1,920 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,920. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new Web server. October 8 The company paid $1,360 cash for the computer supplies purchased from Harris Office Products on October 3. October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another $2,300 for services performed. October 31 The company paid a $3,300 cash dividend. November 1 The company paid $290 cash for mileage expenses. October 15 The company received $5,000 cash from Easy Leasing as partial payment on its account. October 17 The company paid $790 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,718 cash for advertisements. October 22 The company received $2,300 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,708 for services performed. October 31 The company paid $1,050 cash for Lyn Addie's wages for seven days' work. November 2 The company received $4,733 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,085 cash from Harris Office Products. November 8 The company billed Gomez Company $6,168 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. November 18 The company received $1,908 cash from IFM Company as partial payment of the October 28 bill. November 22 The company paid $210 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $210. November 24 The company completed work and sent a bill for $4,550 to Alex's Engineering Company. November 25 The company sent another bill to IFM Company for the past-due amount of $3,800. November 28 The company paid $348 cash for mileage expenses. November 30 The company paid $2,100 cash for Lyn Addie's wages for 14 days' work. November 30 The company paid a $1,800 cash dividend. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November.