Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debils before credits. After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30,2021. unadjusted triat balance of Business Solutions freflecting its transactions for October and November of 2027 follows. Business Solutions had the following transactions and events in December 2021. December 2 Pald $925 cash to Hf11side Mell for Business Solutions' = share of mall advertioing costs. December 3 Paid $430 cash for ninor repaira to the corpany's computer. Decenber 4 Received $4,650 cash from Nlex's Engineering Company for the receivable fron Novenber. December 10 Paid cash to Lyn Addie for six days of work at the rate of $105 per day. December is Notified by Alex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project has been accepted. Alex's paid a $1,$00 cash advence to Business Solutions. December 15 purchased $1,600 of couputer supplies on credit from Herris otfice Products. December 16 sent a reainder to Gomez company to pay the fee for services recorded oe Novenber $. December 20 completed a project for Lil Corporation and received $6,575 cash. Decenber 2226 Took the week off for the holidays. Decenher 28 . Recelved $3,200 cash from Gonez Company on its receivable. Decenber 29 Reimbursed S. Rey for business automobile mileage ( 500 miles at 50.26 per mile). December 31 Paid $1,300 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 $620 still avallable b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Lyn Addle 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 vaive. 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: Business Solutions had the following transactions and events in December 2021. compary/s first three months. a. The December 31 inventory count of computer supplies shows $620 stil avallable. b. Three months hove expited since the 12 -month insurance premium was paid in advance. c. As of December 3t. Lyn Addle has not been paid for four dont of wotk it 5105 pet dity. d. The computer system, acquired on October 1 is expected to have a louryear life with no salvage walue. e. The office equipment, acquired on October t, is expected to hove o five-year lide with no salvage value. 6. Three of the four month' prepuld rent have expired. Required: 1. Prepare joumal entries to record eoch of the December transactions. Post those entries to the accounts in the lediger 2.a. Prepare adusting entries to reflect a through t 2-b. Post the journal entries to record eoch of the December transactions, adfusting entriles to the accounts in the iedger. 3. Prepare an adjusted trial balance as of December 31,2021 . 4. Prepare an income statement for the three monthis ended December 31.2021. 5. Prepore a statement of retained earnings for the three months ended Docember 31,2021. 6. Prepare a classilied balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021 . b. Prepare a post-closing trial balance as of December 31,2021 . Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits: Prepare a classifled balance sheet as of December 31,2021 . Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31, 2021. Required: 1. Prepare journal entries to record each of the Decenber transactions. Post those entries to the accounts in the ledger. 2.a. Prepare adjusting entrios to reflect a through t. 2.b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledoper 3. Prepare an adjusted trial balance as of December 3t. 2021 . 4. Prepare an income statement for the three months ended Decerber 3t.2021 5. Propore a statement of retained earnings for the three morths ended December 31, 2021 6. Prepare a classified bolance sheet as of Oectember 31,2021. 7. Record the necessacy closing entries as of December 34,2021 8. Prepare e post-closing trial balhnce as of Dectember 31, 2021 . Complete this question by entering your answers in the tabs below. Fiepare foumal entries to recurd each of the December transactions. Fost those entries to the accaunts in the ledger Complete this question by entering your answers in the tabs below. Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. The December 31 inventory count of computer supplies shows $620 still avallable. Three months have expired since the 12 -month insurance premium was paid in advance. As of December 31, Lyn Addie has not been paid for four days of work at $105 per day. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. The office equipment; acquired on October 1, is expected to have a five-year life with no salvage value. Three of the four month' prepaid rent have expired. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three months ended December 31,2021 . Complete thic question by tentering your anowers in the tabs belec