Business Solutions had the following transactions and events in December 2017, Dec. 2 Paid $980 cash to Hillside Mall for Business Solutions share of mall advertising costs 3 Paid $410 cash for minor repairs to the company's computer 4 Received $4,550 cash from Alex's Engineering Co. for the receivable from November. 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,800 on a proposed project has been accepted. Alex's paid a $2,000 cash advance to Business Solutions. 15 Purchased $1,600 of computer supplies on credit from Harris Office Products 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8 20 Completed a project for Liu Corporation and received $5,675 cash, 22- Took the week off for the holidays 26 28 Received $3,700 cash from Gomez Co. on its receivable 29 Reimbursed S. Rey for business automobile mileage (se0 miles at $0.31 per mile) 31 The company paid $1,200 cash in 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 $660 still available c. As of December 31, Lyn Addie has not been paid for four days of work at $125 per day. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value b. Three months have expired since the 12-month insurance premium was paid in advance d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value f. Three of the four months' prepaid rent has expired