Help!

After the success of the companys 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) follows.

No.	Account Title	Debit			Credit
101	Cash	$	38,264
106	Accounts receivable		13,418
126	Computer supplies		2,645
128	Prepaid insurance		2,040
131	Prepaid rent		3,220
163	Office equipment		8,900
164	Accumulated depreciationOffice equipment				$	0
167	Computer equipment		21,600
168	Accumulated depreciationComputer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
301	S. Rey, Capital					65,000
302	S. Rey, Withdrawals		6,500
403	Computer services revenue					37,139
612	Depreciation expenseOffice equipment		0
613	Depreciation expenseComputer equipment		0
623	Wages expense		2,275
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,648
676	Mileage expense		654
677	Miscellaneous expenses		170
684	Repairs expenseComputer		805
	Totals	$	102,139		$	102,139

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 companys computer.
	4		Received $4,550 cash from Alexs Engineering Co. for the receivable from November.
	10		Paid cash to Lyn Addie for six days of work at the rate of $105 per day.
	14		Notified by Alexs Engineering Co. that Business Solutions bid of $7,600 on a proposed project has been accepted. Alexs paid a $2,500 cash advance to Business Solutions.
	15		Purchased $2,000 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 $6,125 cash.
	2226		Took the week off for the holidays.
	28		Received $4,000 cash from Gomez Co. on its receivable.
	29		Reimbursed S. Rey for business automobile mileage (600 miles at $0.27 per mile).
	31		S. Rey withdrew $1,200 cash from the company for personal use.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the companys first three months:

The December 31 inventory count of computer supplies shows $590 still available.

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 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 f. 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 owners equity for the three months ended December 31, 2017. 6. Prepare a balance sheet as of December 31, 2017.

Serial Problem Business Solutions LO P1, P2, P3 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) follows Account Title Credit Debit $ 38,264 13,418 2,645 2,040 3, 220 8,900 No 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipmenft 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 21,600 65,000 6,500 37,139 2,275 1,648 654 805 Totals $102,139 $102,139 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 $105 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,600 on a proposed project has been accepted. Alex' s paid a $2,500 cash advance to Business Solutions. 15 Purchased $2,000 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 $6,125 cash. 22- Took the week off for the holidays 26 28 Received $4,000 cash from Gomez Co. on its receivable 29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.27 per mile) 31 S. Rey withdrew $1,200 cash from the company for personal use