\begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ 164: Accumulated Depreciation-Oifice Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline December 31 & & & \\ \hline & & \\ \hline \end{tabular} Post the joumal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. SP 3 Serial Problem Business Solutions (Algo) LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021. Decenber 2 Paid 5965 cash to Hillside Mall for Business solutions's share of mall advertising costs. \begin{tabular}{|r|r|r|r|} \hline \multicolumn{4}{|c|}{ 319: Dividends } \\ \hline Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline December 01 & & & 6,000 \\ \hline December 31 & 1,000 & & 7,000 \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|} \hline \multicolumn{5}{|c|}{ 403: Computer Services Revenue } \\ \hline Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & 36,294 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 613: Dopreciation Expense-Computer Equipment \begin{tabular}{|c|c|c|c|} \hline Dato & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} Business Solutions had the following transactions and events in December 2021. Decomber 2 Paid $965 cash to Hillside Mall for Business Solutions's share of mall advertising costa. December 3 paid $450 cash for sinor repairn to the company's computer. December 4 heceived $4,150 cash from Alex's Engineering Company for the receivable from November. Decenber 10 paid cash to Lyn Addie for nix days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,500 on a proposed project he been accepted. Alex's paid a $1,700 cash advance to Business solutions. December 15 purchased $1,100 of computer supplies on credit from Harris office Products. December 16 sent a reminder to Gomez Coepany to pay the fee for services recorded on November 8. December 20 completed a project for liu Corporation and received $5,675 cash. December 2226 rook the weok off for the holidays. Decenber 28 Received $3,100 cash from Gonel Company on its receivable. December 29 Reimbursed 5 . Rey for buiness automobile mileage ( 500 miles at $0.30 per mile). Decenber 31 paid $1,000 cash 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 $680 still available. b. Three months have explred 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 ledger. 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 31,2021. 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