After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows Credit Debit $ 38,664 13,618 2.545 1.920 2,940 8,500 $ 25,600 ces No. Account Title 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid Insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation Office equipment 167 Computer equipment 165 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Conon stock 316 Retained earnings 310 Dividends 503 Computer services revenue 612 Depreciation expense office equipment 613 Depreciation expense-Computer equipment Wages expense 632 Insurance expense 640 Rent expense Computer supplies expense Advertising expense 676 Mileage expense 677 Miscellaneous expenses Repairs expense Computer Totals 72, eo 6.200 31,300 2.475 0 1.650 674 246 775 $10,00 $103.8e9 Business Solutions had the following transactions and events in December 2019 2 paid $970 cash to Hillside Hall for Business Solutions share of wall advertise cost 3 Paid $440 cash for minor repairs to the company's computer 4 Received 34,050 cash from Alex's Engineering Co. for the receivable from November 10 Paid cash to Lyn Adile for six days of work at the rate of 1110 per day 14 Notified by Alex's Engineering Co, that Business Solutions bid of $7.700 on a proposed project has been accepted. Alexis paid $1,000 cash advance to business Solutions 15 Purchased $1,500 of computer supplies on credit from Harris office Products 16 Sent reminder to one co to pay the fee for service recorded on November 20 Completed a project for Liu Corporation and received 35,925 cash. 22- took the week off for the holidays 26 28 Received 33,7 cash from Gonez co on its receivable. 29 Reimbursed 5. fey for business automobile mile (les at 50.23 per mile) 11 The company paid $1,400 cash in dividends Saved 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 $580 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 $110 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 joumal entries to record each of the December transactions from Requirement 1 and adjusting entries from Requirement 2A After completing Requirement 7 post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2019 4. Prepare an income statement for the three months ended December 31, 2019 5. Prepare a statement of retained earnings for the three months ended December 31, 2019, 6. Prepare a balance sheet as of December 31, 2019 7. Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 28. 8. Prepare a post-closing trial balance as of December 31, 2019. Complete this question by entering your answers in the tabs below. Reg 1 RG 2 Reg 20 Reg 5 Roq Regs Rego Reg Reg 8 Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 2. After completing Requirement 7 post the closing entries to the general ledger account 101: Cast: Debil Credit 1065 Accounts Receivable Debit Credit Date Dec 01 Dec 02 38,664 37.694 Date (Doc on Dec 04 Balance 13.610 970 4,050 9568