idk what's wring please help.

idk whats wrong please help.

SP 3 Serial Problem Business Solutions (Algo) LO P1, P2, P3, P4, P5 164 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 (reflecting its transactions for October and November of 2021) follows Number Account Title Debit Credit 101 Cash $ 38,966 106 Accounts receivable 12,718 126 Computer supplies 2,545 128 Prepaid insurance 2,100 331 Prepaid rent 3,040 16 Office equipment 8,900 Accumulated depreciation-office equipment $0 167 Computer equipment 22,30 168 Accumulated depreciation-Computer equipment 0 201 Accounts payable 210 Wages payable 230 Unearned computer services revenue 307 Common stock 72,000 38 Metained earning 319 Dividends 5,000 Computer services revenue 30,519 612 Depreciation expense office equipment 513 Depreciation expense Computer equipment 623 Waves expense 2,275 537 Insurance expense 640 Rent wxpense 652 Computer supplies pense Advertising expense 1,678 676 Mileage expense 622 Miscellaneous expenses 684 Repairs expense-Computer 765 901 Income curary Totals $ 192,519 $ 102,519 0 0 0 0 6 240 Business Solutions had the following transactions and events in December 2021 U 03 640 652 655 676 677 684 901 Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense Computer Income summary Totals 1,678 694 240 765 $ 102,519 $ 102,519 Business Solutions had the following transactions and events in December 2021 December 2 Paid $980 cash to Hillside Mall for Business Solutions's share of wall advertising costs. December 3 Paid $420 cash for minor repairs to the company's computer, December 4 Received $4,350 cash from Alex's Engineering Company for the receivable from November December 10 Paid cash to Lyn Addie for six days of work at the rate of sies per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project has accepted. Alex's paid a $1,900 cash advance to Business Solutions. December 15 Purchased $1,200 of computer supplies on credit from Harris Office Products December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a kroject for Liu Corporation and received $5,675 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,500 cash from Gonez Company on its receivable December 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.25 per mile). December 31 Paid $1,100 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 $650 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 1 Required 1 Required 2A Required 2B Required 3 Required 4 Required 5 Required 5 Required 7 Required Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 95 points No Date General Journal Debit Credit 1 December 02 950 Advertising expense Cash 980 2 December 03 420 Repairs expense-Computer Cash . 0 3 December 04 4350 Cash Accounts receivable 4 December 10 630 Wages expense Cash lo 5 December 14 Cash 1.900 0 Uneamed computer services revenue 0 1.500 5 December 15 1200 Computer supplies Accounts payable . 7 December 16 No journal entry required . December 20 5.575 Cash Computer services revenue. 5.575 9 December 28 3.500 Cash Accounts receivable 3.500 10 December 29 O 125 Mileage expense Cash 11 December 31 1.100 Dividends Cash 1.100 Required 2 > d. The computer system, acquired on October 1, is expected to have a four year lite 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 ledger 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, 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 Answer is not complete. Complete this question by entering your answers in the tabs below. RequiredRequired 2A Required 25 Required 3 Required 4 Required Required 6 Required 7 Required 3 Prepare adjusting entries to reflect a through . (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No Transaction General Journal Credit 1 Computer supplies expense Computer Supplies Debit 3.095 3,095 2 Insurance expense Prepaid insurance 525 525 3 c Wages expense Wages payable 420 O 420 4 d Depreciation expense-Computer equipment Accumulated depreciation--Computer equipment 1.425 o 00 1.425 5 e Depreciation expense-Ofice equipment Accumulated depreciation Office equipment 445 445 5 1 Rent expense 3 2.250 Prepaid rent 2230 . (Required 1 Required 28 > amprehensive Problem Check my work mode: This shows what is correct 1 TOS: Accounts Receivable 101: Cash Debit Credit Deba Credit Date December 01 December 04 December Balance 12,718 8388 200 20 00 4.350 3.500 4,850 4,350 Date December 01 December 02 December December 04 December 10 December 14 December 20 December 28 December 29 December 31 6300 OOOOOOOOO Balance 38.964 37.964 37504 41.214 41264 43,154 45.650 52.350 234 51.134 1.000 5.675 3.500 1.100 126 Computer Supplies Debit Credit 12: Prepaid insurance Debet Credit Date December 01 December 15 December 31 Balance 2.545 2.745 050 1200 Balance 2.100 1.575 December 01 December 31 525 3.095 131: Prepaid Rent Dett Credit 16 Office Equipment Debit Credit Date December 01 December 31 Balance 2,040 780 Date December 1,000 2.280 164. Accumulated Depreciation - Omice Equipment Debit December 01 December 445 167 Computer Equipment Debit Dec December 01 0 445 Balance 22.300 168 Accumulated Depreciation Computer Equipment Date Debit Credit Balance December 01 O December 31 1.425 201: Accounts Payable Debat Date Balance December 01 December 15 1.200 1200 210 Wages Payable Debit Credit Date December 01 December 31 200 Unarmed Computer Services Reve De Credit Der1 December 14 1200 420 0 1.000 7 307: Common Stock Debit Credit 311 Retained Earnings Dehat Credit Date Balance Balance 72.000 December 01 Date December 01 319 Dividends Debit Credit 403 Computer Services Revenue Det Credit Balance Date December 01 December 31 5.500 2.000 Date December 01 December 20 Balance 30,510 38,104 1.100 5,075 612 Depreciation Expense-Office Equipment Date Debit Credit Balance December 01 0 December 31 445 445 619: Depreciation Expense Computer Equipment Date Debit Credit Balance December 01 0 December 31 1.425 1.425 63 Wipes Expense Debit Credit 637 Insurance Expense Debit Credit Date December 01 December 10 December 31 Balance 2.275 2.006 3325 Date December 01 December 31 Balance O 525 os 32. 830 420 640 Rent Expense Debit Credit 652: Computer Supplies Expense Debit Credit Date Date Balance 0 December 01 December 31 December 01 December 31 2.280 2280 3.005 3.005 655: Advertising Expense Debit Credit 676 Mileage Expense Debut Credit Date Date December 01 December 02 Balance 1.070 2,650 December 01 December 20 Balance 804 819 980 S 125 ETT Miscellaneous En Recas En Com 58 December 02 o 1.678 2.658 December 01 December 29 980 o 004 810 125 677: Miscellaneous Expense Debit Credit Date 614: Repairs Expense Computer Debit Credit Balance 240 December 01 Date December 01 December 03 Balance 705 1.185 420 1 Complete this question by entering your answers in the tabs below. 95 points Required 1 Required 2A Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare an adjusted trial balance as of December 31, 2021. Credit $ BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2021 Account Title Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Uneamed computer services revenue Debit 51,134 4868 650 1,575 760 8.900 $ 445 22.300 1.425 1.200 420 1.900 72.000 6.900 36,194 445 1.425 3.325 Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense--Computer Totals 525 2.280 3,095 2558 819 240 1,185 113 584 S S 113.534 3. Prepare an adjusted trial balance as 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 5 Required 6 Required Required 1 Required 2A Required 2B Required 3 Required 4 Prepare an income statement for the three months ended December 31, 2021. BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2021 Revenue Computer services revenue IS 36,194 $ 445 Expenses Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer OOOOO 1,425 3,325 525 2280 3,095 2.658 819 ols 0 00 240 1,185 Total expenses Net income 15,997 20.197 $ a. 31 inventory count of computer supplies shows $650 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 e. The office equipment, acquired on October 1, is expected to have a five-year life with no 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 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 Required 4 Required 5 Required 6 Required Prepare a statement of retained earnings for the three months ended December 31, 2021. BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended December 31, 2021 Retained earnings, October 1, 2021 Add: Net income Less: Dividends Retained earnings, December 31, 2021 20,197 20,197 6.900 13,297 $ Check my work mode Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Prepare a classified balance sheet as of December 31, 2021. BUSINESS SOLUTIONS Balance Sheet December 31, 2021 Assets Current assets Cash Accounts receivable Computer supplies Prepaid Insurance Prepaid rent OOOOO 51,134 4,868 050 1.575 760 58.087 8.455 Total current assets Plant assets Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation - Computer equipment Total plant assets Total assets Liabilities Accounts payable Wages payable Uneamed computer services revenue $ 8.000 (445) 22.800 (1.425) olololololo 21.375 20.830 88.817 $ GO 1.200 420 1,900 Total abilities 10 3.520 Equity Common stock Retained earnings 72.000 13.297 s Totat equity Total Liabilities and Equity 85,297 88.817 Check my work mode: This shows Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger 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 ledge 3. Prepare an adjusted trial balance as of December 31, 2021 4. Prepare an income statement for the three months ended December 31, 2021 3. 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 24 Required 28 Required 3 Required 4 Required 5 Required 6 Required 7 Required Record the necessary closing entries as of December 31, 2021. No Date Debit Credit General Journal Computer services revenue 1 December 31 36,104 00 Income summary 36,104 2 December 31 Income summary 15.007 445 OOOO 1.425 3.325 525 Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent experise Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 2.280 3,095 2.858 810 OOO 240 1.185 3 December 31 20.107 Income summary Retained earnings oc 20.107 December 31 0.000 Ratained earnings Dividends >$ 8,000 Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in 2-o. 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 6 Required 7 Required 8 Required 1 Required 2A Required 2B Required 3 Required 4 Required 5 Prepare a post-closing trial balance as of December 31, 2021. BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 Debit Credit Cash $ 51.134 Accounts receivable 4,868 Computer supplies 650 Prepaid insurance 1,575 Prepaid rent 760 Office equipment 8.900 Accumulated depreciation--Office equipment S 445 Computer equipment 22 800 Accumulated depreciation-Computer 1.425 equipment Accounts payable 1,200 Wages payable 420 Uneared computer services revenue 1.900 Common stock 72.000 Retained earnings 13.297 Totals S 90.687 $ 90,687 OOOOOO > SS