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 $ 38,964 106 Accounts receivable 13,418 126 Computer supplies 2,545 128 Prepaid insurance 1,860 131 Prepaid rent 3,240 163 Office equipment 8,200 164 Accumulated depreciation-0ffice equipment 167 Computer equipment 22,400 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 63,000 302 S. Rey, Withdrawals 6,500 403 Computer services revenue 39,799 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 2,325 637 Insurance expense 640 Rent expense e 652 Computer supplies expense @ 655 Advertising expense 1,708 676 Mileage expense 664 672 Miscellaneous expenses 210 684 Repairs expense-Computer 765 Totals $ 102,799 $ 102, 799 Business Solutions had the following transactions and events in December 2021. December 2 Paid $970 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 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 $115 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,008 on a proposed project has been accepted. Alex's paid a $2,300 cash advance to Business Solutions. December 15 Purchased $1,400 of computer supplies on credit fron 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 $5,825 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,600 cash from Gomez Company on its receivable. December 29 Reimbursed 5. Rey for business automobile niteage (500 miles at $0.24 per mile). December 31 5. Rey withdrew $1,100 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. t. 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 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 Paid $970 cash to Hillside Mall for Business Solutions's share of mall advertising costs Note: Enter debits before credits General Journal Debit Dato Dec 02 Credit Desconto ten Will Prepare adjusting entries to reflect a throughf. (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 2 3 4 5 6 The December 31 inventory count of computer supplies shows $670 still available. Note: Enter debits before credits Transaction General Journal Debit Credit a 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 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit December 01 38,964 December 01 Balance 13,418 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Data December 01 Balance 2.545 Date December 01 Balance 1.860 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Balance Date December 01 Date December 01 Balance 8.200 3.240 164: Accumulated Depreciation-Office Equipment Date Debit Credit Balance ecember 01 167: Computer Equipment Debit Credit Balance Date December 01 0 22,400 168: Accumulated Depreciation-Computer Equipment Date Debit Credit Balance December 01 201: Accounts Payable Debit Credit Date December 01 Balance 0 0 210: Wages Payable Debit Credit Date December 01 Balance 236: Unearned Computer Services Revenue Date Debit Credit Balance December 01 0 301: S. Rey, Capital Debit Credit Date 302: S. Rey, Withdrawals Debit Credit Balance 63,000 December 01 Date December 01 Balance 6,500 403: Computer Services Revenue Debit Credit Dato December 01 Balance 39,799 612: Depreciation Expense-Office Equipment Date Debit Credit Balance December 01 0 613: Depreciation Expense--Computer Equipment Date Debit Credit Balance December 01 623: Wages Expense Debit Credit Date Balance 2.325 0 December 01 637: Insurance Expense Debit Credit 640: Rent Expense Debit Credit Balance Date December 01 Balance Date December 01 0 0 652: Computer Supplies Expense Debit Credit Date December 01 655: Advertising Expense Debit Credit Balance Date December 01 Balance 1.708 0 es 676: Mileage Expense Debit Credit Date December 01 677: Miscellaneous Expenses Debit Credit Balance 664 Date December 01 Balance 210 684: Repairs Expense - Computer Debit Credit Date December 01 Balance 765 Prepare an adjusted trial balance as of December 31, 2021. BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2021 Account Title Debit Credit Cash 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 Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense 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 $