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. Business Solutions had the following transactions and events in December 2021. December 2 Paid $985 cash to Hillside Nall for Business Solutions's share of mall advertising costs. December 3 Paid $500 cash for ninor repairs to the company's computer. December 4 Received $4,350 cash fron Nlex's Engineering Company for the receivable fron Novenber. Decenber 10 Paid cash to Lyn Mddie for six days of work at the rate of $120 per day. Decenber 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,100 on a proposed project has been accepted. Alex's paid a $1,600 cash advance to Business solutions. Decenber 15 Purchased $2,000 of computer supplies on credit from Harris office Products. Decenber 16 Sent a reminder to Gomez Company to pay the fee for services recorded on Novenber 8. Decenber 20 Completed a project for Liu Corporation and received $6,525 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,500 cash fron Gomez Company on its receivable. Decenber 29 Reimbursed S. Rey for business autonobile mileage ( 600 niles at $0.24 per mile). Decenber 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. a. The December 31 inventory count of computer supplies shows $590 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. f. Three of the four month' 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. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. 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. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three monkhs ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an income statemert for the three months ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a post-dosing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an adyusted trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a dassified balance sheet as of December 31,2021. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet 4 Fecond the entry to close the revenue account('s). Nate: Enter deba ts balare andts. 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. Business Solutions had the following transactions and events in December 2021. December 2 Paid $985 cash to Hillside Nall for Business Solutions's share of mall advertising costs. December 3 Paid $500 cash for ninor repairs to the company's computer. December 4 Received $4,350 cash fron Nlex's Engineering Company for the receivable fron Novenber. Decenber 10 Paid cash to Lyn Mddie for six days of work at the rate of $120 per day. Decenber 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,100 on a proposed project has been accepted. Alex's paid a $1,600 cash advance to Business solutions. Decenber 15 Purchased $2,000 of computer supplies on credit from Harris office Products. Decenber 16 Sent a reminder to Gomez Company to pay the fee for services recorded on Novenber 8. Decenber 20 Completed a project for Liu Corporation and received $6,525 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,500 cash fron Gomez Company on its receivable. Decenber 29 Reimbursed S. Rey for business autonobile mileage ( 600 niles at $0.24 per mile). Decenber 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. a. The December 31 inventory count of computer supplies shows $590 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. f. Three of the four month' 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. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. 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. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three monkhs ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an income statemert for the three months ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a post-dosing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an adyusted trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a dassified balance sheet as of December 31,2021. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet 4 Fecond the entry to close the revenue account('s). Nate: Enter deba ts balare andts