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. Decenber 2 paid $1,020 cash to H111side Mall for Duainens Solutions'a share of ns11 advertising coats. Decenber 3 Paid $410 cash for ninor repairs to the company's conputer. Decenber 4 Received $4,650 cash from Alex's Fngineering Conpany for the recelvable fron Sovenber. Decenber 10 paid cash to Lyn Addie for six days of work at the rate of $120 per day, Decenber it Notified by-Alex's Engineering Company that Busineas solutions's bid of 57,400 on a proposed project bas been accepted. Alex's paid a 51,800 cash advance to Buainess solutions. Decerber 15 purchased $2,000 of conputer supplies on eredit fron Harria office Producta. Decenber 16 Sent a reninder to Gomez Canpany to pay the fee tor services recorded on Novenber 8 . neremhar 20 completed a project for Liu Corporation and received $5,675 cash. 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 avallable. 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 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. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Paid $1,020 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. View transaction list Viow Journal entry worksheet \begin{tabular}{|l|} \hline Required 1 Required 2B > \\ \hline \end{tabular} Prepare an adjusted trial balance as of Decemher 31>0>1 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. Decenber 2 paid $1,020 cash to H111side Mall for Duainens Solutions'a share of ns11 advertising coats. Decenber 3 Paid $410 cash for ninor repairs to the company's conputer. Decenber 4 Received $4,650 cash from Alex's Fngineering Conpany for the recelvable fron Sovenber. Decenber 10 paid cash to Lyn Addie for six days of work at the rate of $120 per day, Decenber it Notified by-Alex's Engineering Company that Busineas solutions's bid of 57,400 on a proposed project bas been accepted. Alex's paid a 51,800 cash advance to Buainess solutions. Decerber 15 purchased $2,000 of conputer supplies on eredit fron Harria office Producta. Decenber 16 Sent a reninder to Gomez Canpany to pay the fee tor services recorded on Novenber 8 . neremhar 20 completed a project for Liu Corporation and received $5,675 cash. 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 avallable. 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 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. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Paid $1,020 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. View transaction list Viow Journal entry worksheet \begin{tabular}{|l|} \hline Required 1 Required 2B > \\ \hline \end{tabular} Prepare an adjusted trial balance as of Decemher 31>0>1
