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. Credit Debit $ 38, 264 12,618 2,545 2,220 3,300 8,000 $ 0 20,000 Number 101 106 126 128 131 163 164 167 168 201 210 236 301 302 403 612 613 623 637 640 652 655 676 677 684 Account Title 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 Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 0 0 0 0 73,000 5,600 25,659 0 0 2,625 0 0 0 0 1,728 704 250 805 $ 98,659 $ 98,659 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $500 cash for minor repairs to the company's computer. December 4 Received $3,950 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 $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,500 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 $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed s. Rey for business automobile mileage (600 miles at $0.32 per mile). December 31 S. 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 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 $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. 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, 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 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. Date General Journal Debit Credit 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 The December 31 inventory count of computer supplies shows $580 still available. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal Required 1 Required 2A Required 2B Required 3 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 Debit Credit Balance Balance 38,264 Date December 01 December 01 12,618 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Date Balance 2,545 Balance 2.220 December 01 December 01 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance 3,300 Date December 01 Balance 8,000 December 01 164: Accumulated Depreciation Office Equipment Date Debit Credit Balance December 01 167: Computer Equipment Debit Credit Date December 01 Balance 20,000 0 168: Accumulated Depreciation-Computer Equipment Debit Credit Balance December 01 201: Accounts Payable Debit Credit Date Balance Date December 01 0 0 210: Wages Payable Debit Credit Date Balance 236: Unearned Computer Services Revenue Date Debit Credit Balance December 01 December 01 0 0 301: S. Rey, Capital 302: S. Rey, Withdrawals 301: S. Rey, Capital Debit Credit 302: S. Rey, Withdrawals Debit Credit Date Balance 73,000 Date December 01 Balance 5,600 December 01 403: Computer Services Revenue Debit Credit Date December 01 Balance 25,659 612: 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 2,625 0 December 01 637: Insurance Expense Debit Credit 640: Rent Expense Debit Credit Balance Balance Date December 01 Date December 01 0 0 652: Computer Supplies Expense Debit Credit 655: Advertising Expense Debit Credit Balance Date December 01 Date December 01 Balance 1,728 0 676: Mileage Expense Debit Credit 677: Miscellaneous Expenses Debit Credit Date December 01 Balance 704 Date December 01 Balance 250 684: Repairs Expense - Computer Debit Credit Date Balance 805 December 01 Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 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 Uneanned 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