Edit View History Bookmarks Window Help Credit Problem Help Sa After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017) follow. 38,964 26 Conputer aupplies 128 Prepaid insGrancE 131 Prepaid rent 163 office equipment 164 Aceumalated depreclation-office equipment 167 Coepater eqgaipnent 8, 300 24,000 201 Aecounts payable 210 Mages payable 236 Unearned eompater services revenue Print 318 etained earnings 39.094 403 Computer services reverron 12 Depreciationexpense-oftice equipment ation expenae-Computer equipment 623 ages expense 652 Computer supplies expeae 64 Rapaizs expense-Computer Business Solutions had the following transactions and events in December 2017 Dec. 2 Paid $1,015 eash to Billside Mall for Business Solutions share ot nall advertising eoets. 3 Paid 483 cas for minor repaire to the company"a oongputer Prev 1 of 1 0 e Edit View History Bookmarks Window Help aCredit Problem 655 Advertising expense 676 Mileage expense 677 Miscellaneoas expensea ,648 634 160 Totals 104,094 $104,094 Business Solutions had the following transactions and events in December Dec. 2 Paid $1,015 cash to H411side Mall for Business Solstione share o t mall edvertining coata. Paid $480 cash tor minor 10 Paid cash to L.yn Addie for a repairs to the company's e uter trom Alex's Engineering Co. for the receivable from Novenber six days of vork at the rate of $105 per day 14 Notified by Alex's Engineering co. that Basiness Solutions bid of $7,300 on a proposed projeet has bees accepted. Alex's paid a S2.000 cash advance to-u-ase. Sal- 15 Purehased $1,800 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on Novenber 8. 20 Completed a project for Liu corporation and received $5, 625 eash 22-Took th week off for the holidays. 28 Received $3,900 cash from Gomez Co. on its receivable 29 Reimbursed s. Rey for bas ineea auton obu elueago (500-ile, 31 The company paid $1,100 eash in dividends. .2 peren.. The following additional facts are collected for use in making adjusting entries prior to preparing financlal statements for the company's first three months a. The December 31 inventory count of computer supplies shows $630 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31, Lyn Addlie has not been paid for four danys 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. t Three of the four months' prepaid rent has expired Prev 10, 11 Next > 6 8 2 3 4 View History Bookmarks Window Help Problem Saved a. The December 31 inventory count of computer supplies shows $630 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. t. Three of the four months' prepaid rent has expired Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 2-a. Prepare adjusting entries to reflect a through 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, 2017 4. Prepare an income statement for the three months ended December 31, 2017 5. Prepare a statement of retained earnings for the three months ended December 31, 2017. 6. Prepare a balance sheet as of December 31, 2017 7. Record and 8. Prepare a post-closing trial balance as of December 31, 2017 post the necessary closing entries as of December 31, 2017 Complete this question by entering your answers in the tabs below. Req 2BReq 3 Req 4 Rq ReqReq7 Req Req 1 Req 2A Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "No Journal Entry Requiredin the first account neld.) Prev 1 of Next> Du 20