ACCUUS ELCAM UMULC 101 Cash $ 38,364 106 Accounts receivable 126 Computer supplies 13,118 2,645 128 Prepaid insurance 1,920. 131 Prepaid rent 3,220 163 office equipment 9,000 164 167 Computer equipment 168 Accumulated depreciation-office equipment Accumulated depreciation-Computer equipment 23,200 201 Accounts payable 0 210 Wages payable 236 Unearned computer services revenue 0 301 5. Rey, Capital 65,000 302 5. Rey, Withdrawals 6,400 403 Computer services revenue 38,739 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 0 623 Wages expense 2,525 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer: Totals 1,728 6041 240 775 $103,739 5103,739 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,020 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $450 cash for minor repairs to the company's computer. December 4 Received $4,250 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $120 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,300 on a proposed project has been accepted. Alex's paid a $2,300 cash advance to Business Solutions. December 15 Purchased $1,500 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $5,975 cash. December 22-26 Took the week off for the holidays.. December 28 Received $3,700 cash from Gomez Company on its receivable. December 29 Reimbursed 5. Rey for business automobile mileage (500 miles at 50.26 per mile). December 31 5. Rey withdrew $1,100 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 $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 $120 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. 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 f 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 11 Paid $1,020 cash to Hillside Mall for Business Solutions's share of mail advertising costs. 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 $120 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. 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 f 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 The December 31 inventory count of computer supplies shows $670 still available. Required 1 Required 2A Required 2B Required 3 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash 106: Accounts Receivable Date December 01 Debit Credit Balance Date Debit Credit Balance 38,364 December 01 13,118 Date December 01 Date December 01 126: Computer Supplies Debit 128: Prepaid Insurance Credit Balance 2,645 Date December 011 Debit Credit Balance 1,920 131: Prepaid Rent Debit Credit Balance: 3,220 Date December 01 163: Office Equipment Debit Credit Balance 9,000 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Adjusted Trial Balance December 31, 2021 Account Title 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 Mierellananue ovneneee Debit Credit $ 38,364 13,118 2,645 1,920 3,220 9,000 $ 0 23,200 0 65,000 6,400 38,739 0 0 2,525 0 0 0 1,728 604 240