After the success of the company's first two months. Santana Rey continues to operate Business Solutions, The November 30 , 2021 , unadjusted trial balance of Business Solutions (reflecting its transactions for Oetober and Navember of 2021) follows. Business Solullons had the following transactions and events in December 2021. December 2 PaId s1, aze cash to Millside Mall for fusiness Solutions's share of nall advertising costs. Decenber 3 pold g4ee cash for ninor repairs to the conpany's conputer. Decenber 4 Received 53,950 cash froe Alex's Engineerlng Conpany for the recefvable fron Hovenber. Decenber 10 Paid cash to Lyn addie for 31x days of work at the rate of $125 per doy. Decenber 14 Notified by Alex's tnglneeeling Cappary that Business 5olutions's bid of 57 , bee an a proposed project has been. accepted. Alexts poid a 51,700 cash sdvance to business Solutions. Decenber 15- Purchased \$1,99e of coeputer supplies on cretit fran Harrls office Products. Decenber 16 Sent a reninder to Gonez copany to pay the fee for services recorded on Novenber: 8. Deceober 20 coepleted a project for Llu Corporatlon and recelved $5,925 cash. Decenber 22-26. Took the week off for the holidays. Decenber 28 Recofved $3, ces cash from Goner conpany on its recefvable. Decraber 29 Kelnbursed S. Rey for business autoeobile alleage ( 500 mles at 50.26 per mile ). peceober 31 Pald $1, see cash for dividends. The following additional facts are collected for use in making ad, usting entries prior to preparing financial statements for the company's first three months. a. The December 3 t inventory count of computer supplies shows $600 stall avallable, b. Three 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. f. Three of the four months' prepaid rent have explred: Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledget. 2-a. Prepare adjusting entries to reflect a through f, 2-b. Post the journal entries to tecord each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31. 2021. 4. Prepare an income statement for the three months ended December 31, 2021 Coevplete thiu qutestion by eatering your answers in then tahs helow. Prepare an adjusted trial balance as of December 31,2021 , 2-o. Prepare adjusting entries to reflect a through f 2-b. Post the joumal entries to record each of the December transactions, adjusting entries to the accounts 3. Prepare an adjusted trial balance as of December 31,2021 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021. 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a classified balance theet as of December 31,2021 . 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. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021 . 6. Prepare a classified balance sheet as of December 31,2021 . 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31,2021 . Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31,2021 . 1. Prepare joumal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 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 leciger. 3. Prepare an adjusted trial balance as of December 31,2021 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31,2021 . 6. Prepare a classified balance sheet as of December 31, 2021 . 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a post-closing trlal balance as of Docember 31. 2021