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. Credit Debit $ 38,264 12,718 2,645 1,980 3,120 8,600 23,200 66,000 No. Account Title 101 Cash 106 Accounts receivable Acco 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-office equipment 167 Computer equipment 168 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 613 Depreciation expense-Computer equipment 623 Wagne evne Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals 5,900 36,174 2,450 1,648 674 240 735 $102,174 $102,174 Business Solutions had the following transactions and events in December 2019. Dec. 2 Paid $945 cash to Hillside Mall for Business Solutions' share of mall advertising costs. 3 Paid $400 cash for minor repairs to the company's computer. 4 Received $4,550 cash from Alex's Engineering Co. for the receivable from November. 10 Paid cash to Lyn Addie for six days of work at the rate of $110 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Business Solutions 15 Purchased $1,700 of computer supplies on credit from Harris Office Products. 16 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 $6,525 cash. 22- Took the week off for the holidays. 26 28 Received $3,500 cash from Gomez Co. on its receivable. 29 Reimbursed s. Rey for business automobile mileage (500 miles at $0.27 per mile). 31 The company paid $1,200 cash in 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 $610 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 and events for Business Solutions. 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, 2019. 4. Prepare an income statement for the three months ended December 31, 2019. 5. Prepare a statement of retained earnings for the three months ended December 31, 2019. :.6...Bronnen... balance.cbant.ar...Dacambas. 2.1.2018.. Reg 1 Req 2A Req 2B Req3 Reg 4 Req 5 Req 6 Req 7 Req 8 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 11 1 Paid $945 cash to Hillside Mall for Business Solutions' share of mall advertising costs. Ivertising 2 Paid $400 cash for minor repairs to the company's computer. 3 Received $4,550 cash from Alex's Engineering Co. for the receivable from November. Credit 4 Paid cash to Lyn Addie for six days of work at the rate of $110 per day. 5 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Business Note : = journal entry has been entered Req 1 Req! Req 2A Reg za ReqzB Req 2B Reg 3 Req3 Rega Reg 4 Reg 5 Req5 Req 6 Rego Req 7 Rea> Reqs Req 8 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 5 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Business Solutions. Avertising 6 Purchased $1,700 of computer supplies on credit from Harris Office Products. Credit 7 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. 8 Completed a project for Liu Corporation and received $6,525 cash. 9 Received $3,500 cash from Gomez Co. on its receivable. Note : = journal entry has been entered