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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. unadiusted trial balance of Business Solutions (reflecting its transactions for October and November of 2027 ) foliown. Iness Solutions had the following transactions and events in December 2021. Business Solutions had the following transactions and events in December 2021. Decenber 2 Poid $1,025 cash to Hillside Malt for Business Sotutions's share of moll advertising costs. Decenber 2 Paid $1,025 casn to Hitlside Matl tor Business sotutions'? December 3 Paid $500 cash for minor repairs to the company's conputer. Decenber 4 Received $3,950 cash from Alex's Engineering Company for the recelvable fron Hoverber. December 10 Paid cash to Lyn. Addie for six days of work at the rate of $125 per day. been occepted. Alex's paid a $1,500 cash advance to Business solutions. December 15 Parchased $1,100 of computer supplies on credit from Harris office products. December 16 Sent a reninder to Gomez Company to pay the fee for services recorded on Hoveaber a. December 20 completed a project for Liu Corporation and received $5,625 cash. Decenter 22-26 Took the week off for the holtdays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobite milteage (6e niles at 50.32 per site). December 31 Paid $1,500cash for 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 $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 $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. Post those entries to the accounts in the ledget. 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 ledget. 3. Prepare an adjusted trial balance as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare a classified balance sheet as of December 31, 2021. b. Three months have explred since the 12 -month insutance premium was paid in advatice. 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 1,1 is expected to have of fouryear life with no salvinge 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. Post those entries to the accounts in the ledigec 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 ledget. 3. Prepare an adjusted trial balance as of December 31,2021. 4. Prepare an income statement for the three months ended December 31,2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021 . 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31,2021. Complete this question by entering your ans is in the tabs below. Required 2A Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. Note: If no entry is required for a transiction or event, select "No journal entry required" in the first account fietd: Journal entry worksheet