After the success of the company's first two months, Santana Rey continues to operate Business Solutions. unadjusted trial balance of Business Solutions (reflecting is transactions for October and November of 2011 101 106 Ace 126 128 131 $ 38,264 12.618 2,545 2.22 3,300 8, eee 163 164 167 168 cm A 2e, eee 201 210 236 381 Account Title 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 73, see 25.659 2.625 3e2 4e3 612 613 623 637 640 652 655 676 677 684 1.728 98.659 $98.559 Business Solutions had the following transactions and events in December 2017. Dec. 2 Paid $1,025 cash to Hillside Mall for Business Solutions share of all advertising costs. 3 Paid $5ee cash for minor repairs to the company's computer 4 Received 3,95e cash from Alex's Engineering Co. for the receivable from November. 1e Paid cash to Lyn Addie for six days of work at the rate of $125 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of 57, see on a proposed projec paid a $1,5ee cash advance to Business Solutions. 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. 2e Completed a project for Liu Corporation and received $5,625 cash. 22-26 Took the week off for the holidays. 28 Received $3,000 cash from Gomez Co. on its receivable. 29 Reimbursed 5. Rey for business automobile mileage (688 miles at $2.32 per mile). 31 5. Rey withdrew $i, see cash from the company for personal use. Prey pau , L USAR SUAUL LUNIS. 15 Purchased $1,1ee of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. 2e Completed a project for Liu Corporation and received $5,625 cash. 22-26 Took the week off for the holidays. 28 Received $3,000 cash fros Gomez Co. on its receivable. 29 Reimbursed S. Rey for business automobile sileage (680 miles at $8.32 per adle). 31 S. Rey withdrew $1,5ee 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 company's first three months: nces a. The December 31 Inventory count of computer supplies shows $580 still available, ee 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 $125 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. 1. Three of the four months' prepaid rent has 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, 2017 4. Prepare an Income statement for the three months ended December 31, 2017 5. Prepare a statement of owner's equity for the three months ended December 31, 2017 6. Prepare a balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Prepare an adjusted trial balance as of December 31, 2017