do requirement #3 out of the 3 requirements for a like!
On October 1, 2019, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019. The company's initial chart of accounts follows. Account Cash Accounts Receivable Computer Supplies Prepaid Tourance Prepaid Rent office Equipment Computer Equipment Accounts Payable No. Account 101 S. Rey, Capital 106 9. Rey, Withdrawals 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 301 302 403 623 655 676 677 684 Oct. 18. Rey invented $46,000 cash, a $21,000 computer system, and $9,000 of office equipment in the company. 2 The company paid $3,280 cash for four montharent. Hinta Debit Prepaid Rent for $3,280. 3. The company purchased $1,420 of computer supplies on credit from Harris office Producto. 5 The company paid $1,680 cash for one year's premium on a property and liability insurance policy. Wint: Debit Prepaid Insurance for $1,680. 6 The company billed Easy Leasing $5,500 for services performed in installing a new web server. B The company paid $1,420 cash for the computer supplies purchased from Harris office Products on October 3. 10 The company hired tyn Addie as a part-time assistant. 12 The company billed Easy Leaning another $2,100 for services performed 15 The company received $5,500 cash from Easy Leasing as partial payment on this account. 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,718 cash for advertisements published in the local newspaper 22 The company received $2,100 cash from Easy Leasing on its account. 28 The company billed IPM Company $5,408 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. 31 S. Rey withdrew $3,300 cash from the company for personal use. 1 The company reimbursed S. Ray In cash for business automobile mileage allowance (Rey logged 1,000 miles at 30.26 per mile). 2 The company received $5,33) cash from iu Corporation for computer services performed. The company purchased computer supplies for $1,065 cash from Harris office Products. 3 The company billed Gomez Co. $6,168 for services performed. 13 The company agreed to perform tuture services for Alex's Engineering co. No work has yet been performed. 18 The company received $1,508 cash from ITM Company as partial payment of the October 28 bill. 22 The company paid $190 cash for miscellaneous expenses. Anti Debit Miscellaneous expense for $190. 24 The company completed work and sent a bill for $4,050 to Alex's Engineering Co. 25 The company went another bill to IPM Company for the past-due amount of $3,900. 28 The company reimbursed s. Rey in cash for business automobile mileage (1,200 miles at $0.26 per mile). 30 The company paid $1,750 cash for Lyn Addio's wages for 14 days work. 30 S. Rey withdrew $1,900 cash from the company for personal use. Nov. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts fin balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of November. BUSINESS SOLUTIONS Trial Balance November 30 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable S. Rey, Capital S. Rey, Withdrawals Computer services revenue Wagos expense Advertising expense Mileage expenso Miscellaneous expense Repairs expense Computer Totals $ 0 $
