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 Debit Credit 101 Cash $ 38,464 106 Accounts receivable 13,518 126 Computer supplies 2,645 128 Prepaid insurance 2,100 131 Prepaid rent 3,060 163 Office equipment 8,600 164 Accumulated depreciation office equipment 167 Computer equipment 22,000 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 65,000 302 S. Rey. Withdrawals 6,600 403 Computer services revenue 37,914 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 2,600 637 Insurance expense 640 Rent expense @ 652 Computer supplies expense 655 Advertising expense 1,698 676 Mileage expense 684 677 Miscellaneous expenses 160 684 Repairs expense-Computer 785 Totals $ 102,914 $ 102,914 @ 0 Business Solutions had the following transactions and events in December 2021. December 2 Paid $980 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $480 cash for minor repairs to the company's computer. December 4 Received $4,050 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 $120 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,300 on a proposed project has been accepted. Alex's paid a $2,100 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 $6,175 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,700 cash from Gomez Company on its receivable. December 29 Reimbursed s. Rey for business automobile mileage (500 miles at $9.24 per mile). December 31 S. Rey withdrew $1,108 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 $650 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 $120 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' prepaid rent have expired. 5 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 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. Required 1 Required 2A Required 2B Required 3 Prepare journal entries to record each of the December transactions and events for Business Solutions. (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 3 4 5 6 7 8 11 I> Paid $980 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits General Journal Debit Credit Date Dec 02 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 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 3 4 5 6 The December 31 inventory count of computer supplies shows $650 still available Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash Debit 106: Accounts Receivable Debit Credit Credit Date December 01 Balance 38,464 Date December 01 Balance 13,518 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date December 01 Balance 2,645 Date December 01 Balance 2,100 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date December 01 Balance 3,060 Date December 01 Balance 8,600 164: Accumulated Depreciation Office Equipment Date Debit Credit Balance December 01 167: Computer Equipment Debit Credit Date Balance 22,000 0 December 01 168: Accumulated Depreciation-Computer Equipment Date Debit Credit Balance December 01 201: Accounts Payable Debit Credit Balance Date December 01 0 0 210: Wages Payable Debit Credit Balance Date December 01 236: Unearned Computer Services Revenue Date Debit Credit Balance December 01 0 0 301: S. Rey, Capital Debit Credit 302: S. Rey, Withdrawals Dobit Credit Date Balance Dato December 01 Balance 65,000 December 01 6,600 403: Computer Services Revenue Debit Credit Date December 01 Balance 37,914 612: Depreciation Expense-Office Equipment Date Debit Credit Balance December 01 0 613: Depreciation Expense-Computer Equipment Data Debit Credit Balance December 01 623: Wages Expense Debit Credit Date December 01 Balance 2,600 0 637: Insurance Expete Debit Credit 640: Rent Expense Debit Credit Date Balance Balance Date December 01 December 01 0 0 652: Computer Supplies Expense Debit Credit 655: Advertising Expense Debit Credit Balance Date Date December 01 Balance 1.698 0 December 01 676: Mileage Expense Debit Credit 677: Miscellaneous Expenses Debit Credit Balance Date December 01 Date December 01 Balance 160 684 684: Repairs Expense - Computer Debit Credit Dato Balance Prepare an adjusted trial balance as of December 31, 2021. BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2021 Account Title Debit Credit Cash $ 38,464 + Accounts receivable Computer supplies Prepaid insurance 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 Comnuter services revenue Computer supplies Prepaid insurance 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 $ 38,464 $