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 $ 39,064 Credit 106 Accounts receivable 12,718 126 Computer supplies 2,545 128 Prepaid insurance 2,160 131 Prepaid rent 2,960 163 office equipment 8,700 164 Accumulated depreciation-office equipment 167 Computer equipment 22,000 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 301 Unearned computer services revenue S. Rey, Capital 64,000 302 S. Rey, Withdrawals 6,500 403 Computer services revenue 38,104 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 2,150 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 1,668 654 210 775 $ 102,104 $ 102,104 Totals Business Solutions had the following transactions and events in December 2021. December 2 Paid $945 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $450 cash for minor repairs to the company's computer. December 4 Received $4,850 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 $115 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 $1,700 cash advance to Business Solutions. December 15 Purchased 1.600 of computer sunnlies on credit from Harris Office Products. < Prev 2 of 3 Next > Business Solutions had the following transactions and events in December 2021. December 2 Paid $945 cash to Hillside Mall for Business Solutions's share of mall advertising costs, December 3 Paid $450 cash for minor repairs to the company's computer. December 4 Received $4,850 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 $115 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 $1,700 cash advance to Business Solutions. December 15 Purchased $1,600 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 $5,975 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,800 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (400 miles at $0.30 per mile). December 31 S. Rey withdrew $1,380 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 the company's first three months. a. The December 31 inventory count of computer supplies shows $670 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 $115 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 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. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet ts No Date General Journal 1 December 02 Advertising expense eBook 2 Print Cash December 03 Repairs expense-Computer Cash Debit Credit 945 945 450 450 3 December 04 Cash 4,850 oferences Accounts receivable 4,850 4 December 10 Wages expense Cash 690 690 c raw 5 December 14 Cash 1,700 Unearned computer services revenue 1,700 6 December 15 Computer supplies Accounts payable 1,600 1,600 7 December 16 No journal entry required < Prev 2 of 3 Next > Required 1 Required 2A Required 28 Required 3 Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Transaction General Journal 1 Computer supplies expense ook Computer supplies 2 b. int Insurance expense Prepaid insurance ences 3 C. Wages expense 4 d. 5 e 6 f Wages payable Depreciation expense-Computer equipment Accumulated depreciation-Computer equipment Depreciation expense-Office equipment Accumulated depreciation-Office equipment Rent expense Prepaid rent Debit Credit 670 670 2 nts eBook Print eferences c aw Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash 106: Accounts Receivable Date December 01 Debit Credit Balance Date Debit Credit Balance 39.064 December 01 12,718 Date December 01 126: Computer Supplies Debit Credit Balance Date 2,545 December 01 128: Prepaid Insurance Debit < Prev 2 of 3 Next > Credit Balance 2,160 ounting Cycle Project (Covers Chapters 2, 3, and 4) 2 Date December 01 131: Prepaid Rent Debit Saved Credit Balance Date 2,960 December 01 164: Accumulated Depreciation-Office Equipment Book Date December 011 Print Debit Credit Balance 0 Date December 011 168: Accumulated Depreciation-Computer Equipment rences Date December 011 Debit Credit Balance Date 0 December 01 163: Office Equipment Debit Credit Balance 8,700 167: Computer Equipment Debit Credit Balance 22,000 201: Accounts Payable Debit Credit Balance 0 236: Unearned Computer Services Revenue Date 210: Wages Payable Debit Credit Balance December 01 0 Date December 011 301: S. Rey, Capital Date Debit December 01 Debit Credit 302: 5. Rey, Withdrawals Credit Balance Date Debit 64,000 December 01 < Prev 2 of 3 Next > Balance Credit Balance 6,500 Help Save & C ces Date December 01 403: Computer Services Revenue Debit Credit 612: Depreciation Expense-Office Equipment Balance Date 38,104 December 01 613: Depreciation Expense-Computer Equipment Date December 01 Debit Credit Date December 011 637: Insurance Expense Debit Date December 01 Date Debit Credit Balance 623: Wages Expense Balance 0 Date December 01 Debit Credit Balance 2,150 Credit Balance 0 Date December 01 640: Rent Expense Debit Credit Balance 0 652: Computer Supplies Expense Debit Credit 676: Mileage Expense Debit Balance 0 Date December 01 Credit Balance Date 655: Advertising Expense Debit Credit Balance 1,668 677: Miscellaneous Expenses Debit Credit Balance Date 652: Computer Supplies Expense Debit Credit December 01 Date December 01 Date December 01 676: Mileage Expense Debit Balance Date 0 December 01 Credit Balance 654 Date December 01 684: Repairs Expense-Computer Debit Credit Balance 775 655: Advertising Expense Debit Credit Balance 1,668 677: Miscellaneous Expenses Debit Credit Balance 210 12 2 points Cash Accounts receivable Computer supplies eBook Prepaid insurance Prepaid rent Print References Mc Graw Hill BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2021 Account Title Debiti Credit Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Oneamed 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 < Prev 2 of 3 Next > ces 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 0 $ < Required 2B Required 3>