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 October and November of 2021) follows. Number Account Title 101 Cash Debit $38,264 Credit Accounts receivable 12,018 126 computer supplies 2,545 128 Prepaid insurance 2,220 131 Prepaid rent 3,300 103 office equipment 3,000 164 Accumulated depreciation-office equipment 167 16/ Computer equipment 20,000 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 lages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue 612 Depreciation expense-office equipment 613 Depreciation expense-computer equipment 623 lages expense 637 637 Insurance expense 649 040 Rent expense 052 computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-computer 901 Income surmary Totals 73,000 e 5,600 25,659 2,625 1,728 704 250 885 $ 20,653 Business Solutions had the following transactions and events In December 2021. December 2 Paid $1,es cash to Hillside all for Business solutions's share of all advertising costs. December 3 raid see cash for minor repairs to the company's computer. December 4 Received $3,950 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 $125 per day. December 14 Notified by Alex's Engineering company that Business solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a a $2,see cash advance to ausiness solutions. December 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. December 16 Sent reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 completed a project for Liu corporation and received $5,62 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed 5. Rey for business automobile milenge (600 miles at 50.32 per mile). December 31 Paid $1,500 cash for dividends. 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 sull avaliable. 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 $125 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. . 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. Post those entries to the accounts in the ledger. 2. Prepare adjusting entries to reflect through 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 tnal 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. Required 1 Required 24 Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View tramaction lind Journal entry worksheet 3-4-5 6 7 8 11 > Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Encar debits before credits Date December 02 General Journal Debit Credit Record entry Clear entry View general journal 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 October and November of 2021) follows. Number 101 Account Title Cash 106 Accounts receivable 12G computer supplies 128 Prepaid insurance 131 Prepaid rent 163 163 office equipment 164 167 Computer equipment 168 Accumulated depreciation-office equipment Accumulated depreciation-Computer equipment 201 210 wages payable Accounts payable 236 Unearned computer services revenue 387 Common stock 318 Retained earnings 319 Dividends 403 computer services revenue 612 613 Depreciation expense-office equipment Depreciation expense-Computer equipment 633 623 wages expense 037 Insurance expense 640 Rent expense 652 Computer supplies expense 655 655 Advertising expense GTG Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 901 Tncome summary Totals Debit Credit $ 38,264 12,618 2,545 2,220 3,300 8,000 20,000 73,000 5,600 25,650 3,63 1,728 784 250 885 $28,059 $ 98,659 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Hall for Business solutions's share of all advertising costs. December 3 Paid ssee cash for minor repairs to the company's computer. December 4 Received $3,958 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 $125 per day. December 14 Notified by Alex's Engineering company that Business solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,see cash advance to Business solutions. December 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. December 15 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 28 completed a project for Liu corporation and received $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (680 miles at $8.32 per mile). December 31 Paid $1,sea cash for dividends. 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 $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' prepeld rent have expired. Required: 1. Prepare journal 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 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. Required: Required 2A Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare adjusting entries to reflect a through f. (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 2 345 6 The December 31 inventory count of computer supplies shows $580 still available. Note: Enter debits before credits. Transaction General Journal Debil Credit Record entry Clear entry View general journal > Co of Songs for one more The mo L D P C P 2 ad M J w WAJ S Bull 143 M W DM L After the success of the company's first two months, Santana Roy continues to operate Business Solutions. The November 30, 2021, unadjusted trial belence of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number 121 Account Title Cruciat cash 5 38,264 328 Accounts receivable 12,615 128 computer supplies 138 Prepaid mur 3,558 121 Prepaid rent 1,300 203 office equipment 1,000 324 Accumulated depreciation-office equipment 367 computer udpent 20, 168 Accumulated depreciation-Computer ecument Accounts payable 212 2 unearned computer services revenue 327 common stock 318 setained earnings 75,000 310 Dividende 5,FAR 423 Computer servin 825 637 640 878 654 121 Depreciation expense office equipment Depreciation expense-computer equipment vapes expence Sent expe Computer suppli Advertising expense Mileage expense scellaneous expenses Repairs expense-Computer Incum summery Totals 2,625 1,720 258 Business Solutions had the following transactions and events in December 2021 Ducumber 2 Paid $1,025 ah tollidell for Di Sulu's her ut mall advertising costs. December 3rd see cash for minor repairs to the company's computer. December 4 received $3,550 cash from Alex's engineering company for the receivable from vovember. December 18 Pats cash to Lyn addte for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's htd of $7,828 on a proposed project has been accepted. Alex's paid $1,500 cash advance to Business Solut is office Products December 15 Purchased $1,100 of computer supplies on credit from December 18 sent a reminder to come company to pay the fee for services recorded on November 8. December 28 completed project for tu corporation and received ss, December 22-26 Took the week off for the holidays. December 22 Received $2,000 cash from Gone Company on its receivable. Dumb 20 cash. burned. Ray for business automobile mileage (020 mila at 50.32 pur" mile). December 31 maid $1,500 cash for dividers. The following additional facts are collected for use in making adjusting annos prior to propening financial statements for the company's first three months The December 31 inventory count of computer supplies shows $500 sill avaliable b. Three months have expired since the 12-month insurance premum was paid in advance c. As of December 31, Lyn Addie has not been paid for four days of work at $125 per day. d. The computer system acquired on October, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October, 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. Post those entries to the accounts in the ledger. 2-a. Prepare adjusting entries to reflect through 2-b. Post the journal erentes to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted tal balance as of December 31, 2021 4. Prepare an income statement for the three months ended December 31, 2021. 5. Propero 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 Prepare a post-closing trial balance as of December 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 28 Roquired & Required 4 Required 5 Required Required? Prepare an adjusted trial balance of December 31, 2021. BUSINESS SOLUTIONS Anal Required B Cast Accounts eve Come supplies Prepaid insurance Prepaid rent December 31, 201 Account Till Untit Credit Accu-ment Complement Accumulated th Accounts payable Wages payable Uneamed computer services Commack Retained eamings Ukanda Computer Depreciation xp-08c quiperent - Wages experse Reel expense Computer supplies Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 5 After the success of the company's first two months, Santana Roy continues to operate Business Solutions. The November 30, 2021, unedjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number 101 106 Account Title Debit credit Cash $ 38,264 Accounts receivable 12,618 125 computer supplies 2,145 128 Prepaid insurance 2,220 131 Prepaid rent 2,300 163 office equipment 8,000 164 Accumulated depreciation-office equipment 167 computer equipment 20,000 168 Accumulated depreciation-computer equipment 201 Accounts payable 210 wages payable 236 Unearned computer services revenue 307 Common stock 73,000 315 Retained earnings 319 Dividends 5,600 403 Computer services revenue 25,659 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 wages expense 2,625 637 Insurance expense 618 Rent expense 8 052 computer supplies expense 655 Advertising expense 1,728 676 Mileage expense 704 577 Miscellaneous expenses 684 Repairs expense-Computer 001 Income surmary Totals 258 885 $ 98,659 $ 98,659 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Mall for Business solutions's share of mall advertising costs. December 3 Paid see cash for minor repairs to the company's computer. December Received $3,958 cash from Alex's Engineering Company for the receivable from November. December 18 Paid cash to Lyn Addle for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. December 15 Purchased $1,100 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 $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 10 Reimbursed s. Rey for business automobile mileage (cas miles at $0.32 per mile). December 21 Paid $1,500 cash for dividends. The following additional fects 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 $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 expired. Required: 1. Prepare journal 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 ledger 3. Propare 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. Required 1 Required 24 Required 20 Required Required 4 Required 5 Required & Required 7 Required Prepare an income statement for the three months ended December 31, 2021. Revenue BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2021 Total expenses 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 October and November of 2021) follows. Number Account Title 101 105 cash Debit $38,264 credit Accounts receivable 12,618 126 Computer supplies 2,545 128 Prepaid insurance 2,220 131 151 Prepaid rent 1,300 163 165 office equipment 8,000 164 Accumulated depreciation-office equipment 167 16/ Computer equipment 20,000 168 168 Accumulated depreciation-Computer equipment 201 Accounts payable 218 Wages payable 236 Unearned computer services revenue 387 Common stock 318 earnings 319 483 Computer Computer services revenue 612 613 SAP 623 Wages expense 637 65/ 648 Mens expense Rent expense 652 655 Depreciation expense-office equipment Depreciation expense-Computer equipment Insurance expense Computer supplies expense Advertising expense 73,000 5,600 25,659 e 2,625 1,728 676 Mileage expense 764 677 Miscellaneous expenses 250 684 Repairs expense-Computer 805 901 Income summary Totals $ 98,659 $ 98,659 Business Solutions had the following transactions and events In December 2021. December 2 Paid $1,e2s cash to Hillside wall for Business solutions's share of mall advertising costs. December raid see cash for minor repairs to the company's computer. December 4 Received $3,950 cash from Alex's Engineering company for the receivable from November. December e Paid cash to Lyn Addie for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering company that business solutions's bid of $7,eea on a proposed project has been accepted. Alex's paid a $1,sae cash advance to Business solutions. December 15 Purchased $3,100 of computer 1,100 of computer supplies on credit from Harris office products. December 16 sent a sent a reminder to Gomez to Gomez company to pay the fee for services recorded on November a. December ze completed a project for Liu corporation and received $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez company on its receivable. December 29 Reimbursed 5. Rey for business automobile mileage (cea siles at se.32 per mile). December 31 Paid $1,sea cash for dividends. 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 $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 expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-e. Prepare adjusting entries to reflect a through 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. Required 1 Required 24 Required 20 Required Required 4 Required 5 Required & Required 7 Prepare a statement of retained earnings for the three months ended December 31, 2021. BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended December 31, 2021 Retained earnings. October 1, 2021 Retained earnings December 31, 2021 D < Required 4 Required 6 > Required 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 Busness Solutions (reflecting its transactions for October and November of 2021) follows Account Title Dubit Credit 101 100 Coats $ 20,204 Accounts receivable 12,30 120 computer supplies 2,548 120 Propole insurance 2,220 131 Prepaid rent 5,300 103 office equipment 0,000 104 Accumulated depreciation office equipment 107 computer equipment 20,000 100 Accumulated depreciation-computer equipment 201 Accounts payable 210 wages payable 236 ureanned computer services revenue 287 common stock 518 netained earrings 519 Dividends 485 computer services revenue 812 815 825 wapes expense 857 848 652 855 Depreciation expense-office equipment Depreciation expense-computer eaidprent Insurance expense computer supplies expense Advertising expense 71,000 5, 23,659 2 2,625 8 8 8 876 Hleage expense 677 Miscellaneous expenses 681 Repatre expense-Computer 1,728 258 865 Income summary Totala $ 20,000 $ 90,000 Business Solutions had the following transactions and events In December 2021. December 2 Paid $1,405 cash to Hillside Hell for Rustness Solutions's share of all advertising costs. December 2 Paid $ cash for miner repairs to the company's computer. December 4 Received $2,000 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 $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on proposed project has been accepted. Alex's paid $1,500 cash advance to Business Solutions. December 15 Purchased $1,100 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 1. December 20 Completed project for Liu Corporation and received $5,625 cash. December 22-26 Took the week att for the holidays. December 20ived $2,000 cash from Come Dumb 20 Rimbursed. Ray for business December 31 Paid $1,500 ch for divid Company on its receivable. mobile milog (20 miles at $0.32 per mile). 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 peld 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' propsid ront have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-8. Prepare adjusting entries to reflect through 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 shoot as of December 31, 2021. 7. Record the necessary clcsing 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. Required Required 24 Required 20 Required Required Required Required Required 7 Required Prepare a classified balance sheet as of December 31, 2021. DUSINESS SOLUTIONS Balance Sheet December 31, 2021 Ass Current seat Pach Total Totalbes and equity 5 Liabilities Equity D < Required 5 Required 7 > 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 October and November of 2021) follows. Number 101 106 Account Title Debit credit Cash $ 38,164 Accounts receivable 12,618 126 Computer supplies 2,545 120 151 163 164 Prepaid Insurance Prepaid rent Office souder equipment Accumulated depreciation-office equipment 2,220 3,300 3,000 167 Computer equipment 20,000 100 Accumulated depreciation-computer equipment a 201 Accounts payable 216 Wages payable 236 Unearned computer services revenue 307 Common stock 118 Retained earnings 319 483 612 613 623 uages expense 637 640 Rent expense 652 655 Mileage expense Dividends Computer services revenue Depreciation expense-office equipment Depreciation expense-Computer equipment Insurance expense Computer supplies expense Advertising expense 1,728 677 Miscellaneous expenses 5,000 73,000 a 25,659 684 Repairs expense-Computer 901 Income summary Totals $98,650 $ 98,59 Business Solutions had the folowing transactions and events in December 2021. December 2 Paid $1,825 cash to Hillside Hall for Business Solutions's share of all advertising costs. December 3 Paid $see cash for minor repairs to the company's computer. December + Received $3,950 cash from Alex's Engineering company for the receivable from November. December 18 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid $1,500 cash advance to Business Solutions. December 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. December 16 sent a reminder to Gomez company to pay the foe for services recorded on November a. December 28 completed a project for Liu Corporation and received $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed 5. Rey for business automobile mileage (sea miles at $0.32 per mile). December 11 Paid $1,see cash for dividends. 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 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 expired. Required: 1. Prepare journal 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 7. 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. Required 1 Required 24 Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Record the necessary closing entries as of December 31, 2021. View transaction list Journal entry worksheet 1 Record the entry to close the revenue account(s). Note: Enter debits before credits. Date December 31 General Journal Debit Crede Record entry Clear entry View general journal < Required 6 Required 8 > 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 October and November of 2021) follows. Number 181 Account Title Debit Credit Cash $ 38,264 186 Accounts receivable 12,618 126 Computer supplies 2,545 128 Prepaid insurance 2,220 131 Prepaid rent 3,380 163 100 office equipment 8,000 164 Accumulated depreciation-office equipment 167 Computer equipment 20,000 165 Accumulated depreciation-Computer equipment 201 wages payable Accounts payable 236 Unearned computer services revenue 207 common stock 315 Retained earnings 319 Dividends 483 computer services revenue 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 73,000 5,000 25,659 8 2,625 648 Rent expense 652 655 676 Mileage expense Computer supplies expense Advertising expense 1,728 784 677 Miscellaneous expenses 684 Repairs expense-Computer 250 885 901 Income Summary Totals $ 20,055 $98,650 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Mall for Business solutions's share of mall advertising costs. December 3 raid see cash for minor repairs to the company's computer. December 4 Received $3,9se cash from Alex's engineering company for the receivable from November. December 18 raid cash to Lyn Addie for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,5ee cash advance to Business Solutions. December 15 Purchased $1,100 of computer supplies on credit from Harris Office Products. December 16 Sent reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (600 miles at $8.32 per mile). December 31 Paid $1,500 cash for dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. . The December 31 inventory count of computer supplies shows $500 still available. 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 expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-e. 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. Prepere an adjusted trial belence as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained eamings 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. Required 1 Required 2A Required 28 Required 3 Required 4 Required 5 Required 6 Prepare a post-closing trial balance as of December 31, 2021. BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 Debit Credit Totals 0 < Required 7 Required 8 > Required 7 Required B