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After the suceess of the company's first two moeths, Santama Rey continues to operate Buxiness Solutions. November 30, 2021, unadjustod trial balance of Business Solutions

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After the suceess of the company's first two moeths, Santama Rey continues to operate Buxiness Solutions. November 30, 2021, unadjustod trial balance of Business Solutions (reflecting its transactions for October and Novernber of 2021) follows. Busioess Solutions had the following transuctions and events in December 2021. The following additional facts are collectod for use in making adjusting eatries prior to preparing finuncial statements for the company's firt throe months. a. The Decenber 31 inventory count of computer supplies shows $600 still available. b. Throe months have expired since the 12-month insurance permium was paid in advance. c. As of Devember 31, Lyn Addie has not been paid for four duys of work at 5100 per day. d. The computer system, acquired on Oetober 1 , is expected to have a four-year life with no salvage value. e. The office equipment, acquirod on Oetober 1 , is expected to have a five-year life with no salvage value. f. Three of the four moaths' prepaid rent have expired. Required: 2-b. Post the joumal entries to recond each of the December transactions, adjusting entries to the accounts is the ledger. 3. Prepare an adjusted trial balasce as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained camings fot the throe months endod December 31, 2021. 6. Propare a classified balance sheet as of December 31,2021 . 7. Recond the necessary closing entries as of December 31,2021. 8. Prepare a post-elosing trial balance as of December 31, 2021

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