After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November 30, 2018, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2018) follows.

No.	Account Title	Debit			Credit
101	Cash	$	38,864
106	Accounts receivable		13,418
126	Computer supplies		2,645
128	Prepaid insurance		2,100
131	Prepaid rent		3,120
163	Office equipment		8,300
164	Accumulated depreciationOffice equipment				$	0
167	Computer equipment		24,000
168	Accumulated depreciationComputer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
307	Common stock					66,000
318	Retained earnings					0
319	Dividends		6,100
403	Computer services revenue					38,359
612	Depreciation expenseOffice equipment		0
613	Depreciation expenseComputer equipment		0
623	Wages expense		2,525
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,638
676	Mileage expense		634
677	Miscellaneous expenses		250
684	Repairs expenseComputer		765
	Totals	$	104,359		$	104,359

Business Solutions had the following transactions and events in December 2018.

Dec.	2		Paid $940 cash to Hillside Mall for Business Solutions share of mall advertising costs.
	3		Paid $440 cash for minor repairs to the companys computer.
	4		Received $4,650 cash from Alexs Engineering Co. for the receivable from November.
	10		Paid cash to Lyn Addie for six days of work at the rate of $120 per day.
	14		Notified by Alexs Engineering Co. that Business Solutions bid of $7,600 on a proposed project has been accepted. Alexs paid a $2,000 cash advance to Business Solutions.
	15		Purchased $1,300 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 $6,025 cash.
	2226		Took the week off for the holidays.
	28		Received $3,300 cash from Gomez Co. on its receivable.
	29		Reimbursed S. Rey for business automobile mileage (500 miles at $0.22 per mile).
	31		The company paid $1,500 cash in dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the companys first three months:

1. The December 31 inventory count of computer supplies shows $600 still available.
2. Three months have expired since the 12-month insurance premium was paid in advance.
3. As of December 31, Lyn Addie has not been paid for four days of work at $120 per day.
4. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.
5. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.
6. 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, 2018. 4. Prepare an income statement for the three months ended December 31, 2018. 5. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018. 7. Record and post the necessary closing entries as of December 31, 2018. 8. Prepare a post-closing trial balance as of December 31, 2018.

it is ok to do part 1 and part 2 to start with

After the success of the company's first two months, Santana Rey continues to oserate Business Solutions. The November 30, 2018. unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2018) follows. Credit Debit Account Title No. Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent office equipment Accumulated depreciation-office equipment Computer equipment Accu ulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue $ 38,864 13,418 2,645 2,1ee 3,12e 8,30e 181 106 126 128 131 163 164 24,e0e 167 168 281 210 236 307 66,00e Common stock Retained earnings Dividends 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 318 319 6,180 483 612 38, 359 613 2,525 623 637 640 652 655 676 1,638 634 677 250 765 684 Totals $104, 359 $104, 359 Business Solutions had the following transactions and events in December 2018. 2 Paid $948 cash to Hillside Mall for Business Solutions share of mall advertising costs. 3 Paid $448 cash for sinor repairs to the company's computer. 4 Received $4,65e cash from Alex's Engineering Co. for the receivable from November. 1e Paid cash to Lyn Addie for six days of work at the rate of $120 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,6ee on a proposed project has been accepted. Alex's paid a $2,00e cash advance to Business Solutions. 15 Purchased $1,30e of computer supplies on credit from Harris office Products. 16 Sent a reminder to Gonez Co. to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $6,825 cash. 22- Took the week off for the holidays. Dec. 26 28 Received $3,300 cash from Gonez Co. on its receivable. 29 Reimbursed s. Rey for business automobile mileage (58e miles at $e.22 per mile). 31 The company paid $1, se0 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 $600 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 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 f 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts 3. Prepare an adjusted trial balance as of December 31, 2018. 4. Prepare an income statement for the three months ended December 31, 2018. 5. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018. 7. Record and post the necessary closing entries as of December 31, 2018 8. Prepare a post-closing trial balance as of December 31, 2018. in the ledger