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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

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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. December 2 Paid $1,020 cash to Hillside Mall for Busines solutions's whare of mall advertising costs. December 3 paid $410 canh for minor repairs to the company's conputer. December 4 received $4,650 cash from Alex'i Engineering company for the receivtole from November. December 10 paid cash to Lyn Addie for six days of work at the rate of $120 per day, December 14 Notified by Klex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project ha been accepted. Alex's paid a $1,800 cash advance to Business solutions. December 15 purchased $2,000 of computer supplies on eredit from Harris oftice Products. December 16 sent a reminder to Gonez Company to pay the fee for services recorded on November 8 . December 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 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 $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 ho 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 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 feld. Complete this question by entering your answers in the tabs below. Prepare adjusting entriesto reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet The December 31 inventory count of computer supplies shows $580 still avallable. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. Prepare an adjusted trial balance as of December 31,2021. 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. December 2 Paid $1,020 cash to Hillside Mall for Busines solutions's whare of mall advertising costs. December 3 paid $410 canh for minor repairs to the company's conputer. December 4 received $4,650 cash from Alex'i Engineering company for the receivtole from November. December 10 paid cash to Lyn Addie for six days of work at the rate of $120 per day, December 14 Notified by Klex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project ha been accepted. Alex's paid a $1,800 cash advance to Business solutions. December 15 purchased $2,000 of computer supplies on eredit from Harris oftice Products. December 16 sent a reminder to Gonez Company to pay the fee for services recorded on November 8 . December 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 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 $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 ho 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 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 feld. Complete this question by entering your answers in the tabs below. Prepare adjusting entriesto reflect a through f. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet The December 31 inventory count of computer supplies shows $580 still avallable. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. Prepare an adjusted trial balance as of December 31,2021

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