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. ed Number 101 Account Title Cash 106 126) Accounts receivable Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 167 Computer equipment 168 Accumulated depreciation-office equipment 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 013 Depreciation expense-Computer equipment 623 Kages expense 637 Insuranc 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 $ 39,064 Credit 12,918 2,545 1,920 3,280 8,300 30 20,000 70,000 6,400 29,909 2,12% 0 1,708 624 240 785 $ 99,909 $99.999 d 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 $410 cash for minor repairs to the company's computer. December & Received $4,350 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 cate of $110 per day, December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,600 on a proposed project has been accepted. Alex's paid a $1,800 cash advance to Business Solutions. December 15 Purchased $2,100 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Gonez Company to pay the fee for services recorded on November 8, December 20 Completed a project for Liu Corporation and received $6,475 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,700 cash from Gonez Company on its receivable. December 29 Reimbursed 5. Rey for business automobile nileage (500 miles at 50.23 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. e. The December 31 inventory count of computer supplies shows $680 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. Post those entries to the accounts in the ledger 2-6. 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 ledges 3 Dranare an stod trial balance sen Dorombor 31 20 Prev 1 of 1 Next Company SRCE INS a. The December 31 inventory count of computer supplies shows $680 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. 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 1 Required 2A Required 2B Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare adjusting entries to reflect a through f Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Journal entry worksheet < 1 2 3 4 10 5 6 The December 31 inventory count of computer supplies shows $680 still available. Note: Enter debits before credits. Transaction a. General Journali Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 3 4 5 6 Three months have expired since the 12-month insurance premium was paid in advance. Note: Enter debits before credits. Transaction b General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 6 As of December 31, Lyn Addie has not been paid for four days of work at $110 per day. Note: Enter debits before credits. Transaction C. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 1 2 2 3 4 5 6 The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. Note: Enter debits before credits. Transaction d. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 19 Three of the four months' prepaid rent have expired. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal