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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business

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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows: Account Titto Debit Credit 102 Canh 838,264 106 Accounts receivable 12,618 126 Computer supplies 2,545 128 Prepaid insurance 2,220 231 Prepaid zent 3,300 163 Ofice equipment 8,000 164 accumulated depreciation office equipment 0 167 Computer equipment 20,000 268 Accumulated depreciation Computer equipment 0 Accounts payable 0 210 Wagen payable 0 236 Unearned computer services revenge 301 8. Rey, Capital 73,000 302 S. Rey. Withdrawals 5,600 403 Computer services revenue 25,659 612 Depreciation expense-ortion equipment 0 623 Depreciation expense-Computer equipment 0 623 Wages expen 2,625 637 Insurance expense 640 Rent expense 0 552 Computer supplied expense 655 Advertising cense 1,728 676 Mileage expense 704 677 Collaneous expenses 250 684 Repairs expenne-computer 105 Totale $91,559 598,659 0 0 0 Business Solutions had the following transactions and events in December 2019, Dec. 2 Paid 51.025 cash to illa de Mall for Business Solutions share of mall advertising cost, > Paid $500 cash for minor repairs to the company's computer. Received $3.950 cash from Alex's Engineering Co. for the receivable from November 10 raid cash to Lyn Addie for six days of work at the rate of 0125 per day 24 Hoiled by Alex's Engineering co. that meiner Solutions bid of 57,000 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions 15 Purchased $1,100 of computer supplies on credit from an office Products 15 sent a comider to Gomes Co. to pay the fee for services recorded on November 15 vurensea 200 or computer supplies on creant trom Harris urnace rroquers. 18 Sent a reminder to Gomez co to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $5,625 cash 22-26 took the week oft for the holidays. 28 Received $3,000 cash from Gomes Co. on its receivable. 29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.32 per mile) 31 3. Rey withdrew $1,500 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 $580 still available. b. Three months have explred since the 12-month Insurance premium was paid in advance. C. As of December 31, Lyn Addle has not been paid for four days of work at $125 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 explred. 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, 2019, 4. Prepare an income statement for the three months ended December 31, 2019. 5. Prepare a statement of owner's equity for the three months ended December 31, 2019. 6. Prepare a balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Reg 3 Reg 4 Reg 5 Req 6

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