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After the success of the company's first two monthis, Santana Rey continues to operate Business Solutions. The November 30, 2021. unadjusted trial balance of Business

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After the success of the company's first two monthis, Santana Rey continues to operate Business Solutions. The November 30, 2021. unadjusted trial balance of Business Solutions freflecting its transactians for October and November of 2021) follows Business Solutions had the foliowing transactions and events in December 2021. Decentuer 2 Paid $1,015 cash to Hillside Mall for Business Solutions"s share of mall advertising Casts. Decomber 10 pald cash to lyn Addie for six days of work at the rate of $115 per day. Decenber 14 . Hot iffed by Alex's Engineering Comany that Business Solutions's bid of $7,500 on a proposed project has been aceepted. Ales's pald a 51,500 cash advance to Businass Solutions. Dexceber 16 Sent a reninder to Comer Company to nay the fee for services recorded on Movedoer 8. Decenber 20 Completed a project for Liu Corporation and neceived 55, A25 cash. Decceber 2226 foek the week off for the holidays. Deceben 31 S. Hey withirew 51,300 cash froe the compary for personal use. The following additional focts are collected for use in making adfusting entries prior to preparing financial statements for the company's fist three months. a. The December 31 inventory count of computer supplies shows $640 stil avallable. b. Three months have explied since the 12 month insurance premlum was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $115 per day. 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 Recoutrad: 1. Prepare joumal entries to record each of the December transactions and events for Business Solutions 2-a. Prepare adjusting entiles to reflect a through 6 2-b. Post the joumal entsies to record each of the December transactions, adjusting entries to the accounts in ine ledget. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: if no entry is required for a transactionvevent, select "No fournal entry required" in the first account fineld

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