\begin{tabular}{|c|c|c|c|} \hline Number & Account Title & Debit & Credit \\ \hline 101 & Cash & $38,464 & \\ \hline 106 & Accounts receivable & 13,018 & \\ \hline 126 & Computer supplies & 2,545 & \\ \hline 128 & Prepaid insurance & 2,040 & \\ \hline 131 & Prepaid rent & 3,020 & \\ \hline 163 & office equipment & 8,900 & \\ \hline 164 & Accumulated depreciation-0ffice equipment & & \\ \hline 167 & Computer equipment & 20,400 & \\ \hline 168 & Accunulated depreciation-Computer equipment & & 6 \\ \hline 201 & Accounts payable & & \\ \hline 210 & Wages payable & & 0 \\ \hline 236 & Unearned computer services revenue & & 0 \\ \hline 301 & S. Rey, Capital & & 73,000 \\ \hline 302 & S. Rey, withdrawals & 6,300 & \\ \hline 403 & Computer services revenue & & 27,574 \\ \hline 612 & Depreciation expense-0ffice equipment & & \\ \hline 613 & Depreciation expense-Computer equipment & & \\ \hline 623 & Wages expense & 2,500 & \\ \hline 637 & Insurance expense & 0 & \\ \hline 640 & Rent expense & 0 & \\ \hline 652 & Computer supplies expense & & \\ \hline 655 & Advertising expense & 1,718 & \\ \hline 676 & Mileage expense & 694 & \\ \hline 677 & Miscellaneous expenses & 190 & \\ \hline \multirow[t]{2}{*}{684} & Repairs expense-Computer & 785 & \\ \hline & Totals & $100,574 & $100,574 \\ \hline \end{tabular} Business Solutions had the following transactions and events in December 2021. December 2 Paid \$1,010 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $460 cash for minor repairs to the company's computer. Decenber 4 Received $4,750 cash from Alex's Engineering Conpany for the receivable from November. December 10 Paid cash to Lyn. Addie for six days of work at the rate of $100 per day. Decenber 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,900 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Business Solutions. Decenber 15 Purchased $1,600 of computer supplies on credit fron Harris Office Products. Decenber 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. Decenber 20 Completed a project for Liu Corporation and received $6,175 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,400 cash from Gonez Company on its receivable. Decenber 29 Reimbursed $. Rey for business automobile mileage ( 490 miles at $0.28 per mile). December 31 \$. Rey withdrew $1,000 cash from the company for personal use. 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 $100 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 month' 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 ledge 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 joumal entry required" in the first account field. Journal entrv worksheet advertising costs
