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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. unadjusted trial balance of Business Solutions (reffecting its transactions for October and November of 2021) follows Business Solutions had the following transactions and events in December 2021 Decenber 2 Paid 5940 cash to Hinside Mall for Business Solutions"s share of wall advertising costs. Decenber 3 Paid $430 cash for minor repairs to the coepany's conputer. Decenber 4 llecelved $4,650 cash fron Alex's Engineering Coepany for the recelvable from Noveeter. Decenber 10 Paid cash to Lyn Addie for $1 days of work at the rate of $105 per day. Decenter 14 . Notified by Alex's Engineering Conpany that Business Solutions's bid of 57 , 3ee an a proposed project has been Decenber 15 Purchased 51,300 of coeputer supplies on credit from Harris office Prodiacts: Decenber 16 Sent a remtnder to Gonez coepany to pay the fee for services roconded on lloventer 8 , Decenber 20 Coppleted a project for Llu Corporation and recefved $5,675cash. December 2226 Took the week off for the holidays. Decenber 28 frecolved $3,109 cash fron Goeez Cospany on its recelyable. Deconber 29 leimbursed 5 . Rey for husiness automobili nilesge (409 miles it 10.24 per alle). tincreher 71 Paid $1,400cash 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 $660 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 $105 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 ledgec 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 accounits 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. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. (If no entiy a reguired for a transacton/event, select. "No journal entry required" in the first account field.) e. The office equpment, acquired on October 1, Is expected to have a five-ye of life with no solvege velue. f. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record eoch of the December transactions. Post thote entries to the accounte in the ledger. 2. a. Prepare adjusting entries to retlect a through f 2.b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts if the ledget. 3. Prepare an adjusted trial balance as of December 31, 2021 4. Prepare an income stotement for the three months ended December 31, 2021 5. Prepare a statement of retained eamings 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 o post-closing trial balance as of December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare adjusting entries to reflect a through f. (if no entry is regaired for a transaction/event, aelect "No joumal entry. required in the first account field.) Post the joumal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 164: Accumulated Depreciation-orrice Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} 187: Computer Equipment \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 168: Accumulated Depreciation-Computer Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & 210: Wages Payable \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 612: Depreciation Expense- Oifice Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline \end{tabular} complete this question by entering your answers in the tabs . Prepare an adjusted trial balance as of December 31, 2021