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 Cash Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages 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 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 901 Income summary Totals Debit Credit $ 39,264 12,918 2,645 1,980 2,920 8,300 20,400 0 67,000 6,400 33,399 2,225 0 1,658 664 240 785 $ 100,399 $ 100,399) Business Solutions had the following transactions and events in December 2021. December 2 Paid $940 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $490 cash for minor repairs to the company's computer. December 4 Received $4,450 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 $110 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,500 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. December 15 Purchased $1,200 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 $6,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,200 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (400 miles at $0.31 per mile).. December 31 Paid $1,300 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. 1 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 $640 still available. ints eBook 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. 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 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 Requir... Requir... Requir... Requir... Requir... Requir. Requir... Requir... 1 2A 2B 3 4 5 6 7 8 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash Date Debit Credit Balance December 01 39,264 December 02 940 38,324 Date December 01 December 04 106: Accounts Receivable Debit Credit Balance 12,918 4,450 8,468 December 03 490 37,834 December 28 3,200 5,268 December 04 4,450 42,284 December 10 660 41,624 December 14 1,500 43,124 December 15 1,200 44,324 December 20 6,625 50,949 December 28 3,200 54,149 December 29 124 54,025 December 31 1,300 52,725 126: Computer Supplies Date December 01 Debit Credit Balance Date 2,645 December 01 December 15 1,200 3,845 December 31 December 31 1,300 2,545 Date December 01 December 31 131: Prepaid Rent Debit 128: Prepaid Insurance Debit Credit Balance 1,980 495 1,485 163: Office Equipment Credit 2,190 Balance 2,920 730 Date December 01 Debit 17 Credit Balance 8,300 SP CH 30 75 1 points Debit 164: Accumulated Depreciation-Office Date December 01 167: Computer Equipment Equipment Credit Balance 0 Date December 01 Debit Credit Balance 20,400 168: Accumulated Depreciation-Computer 201: Accounts Payable eBook Date December 01 Equipment Debit Credit Balance 0 Date December 01 Debit Date December 01 Date December 01 210: Wages Payable Debit Credit Balance 236: Unearned Computer Services Revenue Credit Balance 0 Date December 01 Debit 307: Common Stock Debit Credit Balance 67,000 Date December 01 Credit 318: Retained Earnings Debit Balance 0 Credit Balance 403: Computer Services Revenue Date December 011 319: Dividends Debit Credit Balance 6,400 Date December 01 612: Depreciation Expense-Office Equipment Date December 01 Debit Credit Date December 01 623: Wages Expense Debit Date December 01 Debit Credit Balance 33.399 613: Depreciation Expense-Computer Balance 0 Date December 01 Equipment Debit Credit Balance 0 Credit Balance 2,225 Date December 01 640: Rent Expense Debit Credit Balance 0 637: Insurance Expense Debit Credit Balance 652: Computer Supplies Expense Date December 01 Debit Credit Balance 0 Date December 01 655: Advertising Expense Debit Credit Balance 1,658 Date December 011 677: Miscellaneous Expense Date December 01 Debit Credit 676: Mileage Expense Debit Credit Balance 664 684: Repairs Expense-Computer Balance 240 Date December 01 Debit < Required 2A Required 3 > Credit Balance 785