Anter the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. Credit ces Debit $ 38,664 13,310 2,645 1.920 2.960 8,400 20,400 0 No hecount Title 101 Cash 106 hccounts receivable 126 Computer supplies 120 Prepaid sunce 131 Prepaid rent ortice equipment 164 Accumulated depreciation office equipment 167 Computer equipment 160 Acoumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 216 Unearned computer services revenue 307 Common stock 310 Retained earnings 319 Dividends 403 Computer services revenue 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense $32 Insurance expense 640 Rent expense 552 Computer supplies expense 555 Advertising expense 576 Mileage expense 577 Miscellaneous expenses Repair expense-Computer Total 0 69,000 0 6,500 31,504 0 0 2.350 0 0 0 1.678 694 250 725 $100,504 $100, 504 Business Solutions had the following transactions and events in December 2019 Dee. ok rences 2 PAID 5980 cash to illside Mall for trainees solutions where of all advertising out Paid 440 cash for minor repair to the company's computer. Received 16,150 cash from alex Ingineering co. for the receivable from November. 10 Paid cash to Lyn Addle for six days of work at the rate of $110 per day. 14 Notified by Alexis Engineering co. that Dute Sotton bt of 10,000 na proposed project has been accepted. Alex's paid a $1.600 cash advance to Business Solutions 15 Purchased $1,000 of computer supplies on credit tron dari office Products 16 sent a reminder to Gomes Co. to pay the fee for services recorded on November 8. 20 Completed project for Liu Corporation and received 55,675 cash. 22- Took the week oft for the holidays. 26 21 received 65,00 cash from Gomes Co. on its receivable. 25 minbarsed 3. Hey for business automobile mileage (400 miles at $0.28 per mile). 31 The company paid $1.500 cash in dividende. 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 $590 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 $110 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. + 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 2-b. Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 2A. After completing Requirement 7 post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2019, 4. Prepare an income statement for the three months ended December 31, 2019. 5. Prepare a statement of retained earnings for the three months ended December 31, 2019 6. Prepare a balance sheet as of December 31, 2019 7. Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 28 8. Prepare a post-closing trial balance as of December 31, 2019, Req 1 Req 2A Reg 28 Reg 3 Req 4 Reg 5 Reg 6 Req 7 Reg 8 Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet