n October 1, 2021, Santana Rey launched a computer services company called Business Solutions, which provides consulting iervices, computer system installations, and custom program development. The company's initial chart of accounts follows. October 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. Octaber 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. october 3 The company purchased $1,420 of computer supplies on credit from Harris office Products. october 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,220. october 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. October 8 The company paid $1,426 cash for the computer supplies purchased from Harris office Products on october 3. october 10 The company hired Lyn Addie as a part-time assistant. october 12 The company billed Easy Leasing another $1,400 for services performed. october 15 The company received $4,800 cash from Easy Leasing as partial payment on its account. october 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. 0ctober 20 The company paid $1,728 cash for advertisements. 0ctober 22 The company received $1,400 cash from Easy Leasing on its account. 0ctober 28 The company billed IFM Company 55,208 for services performed. 0ctober 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. 0ctober 31 The company paid a 53,600 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $4,633 cash fram Liu Carporation for computer services perfarmed. November 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. November 8 The company billed Gomez Company $5,668 for services performed. lavember 13 The company agreed to perform future services far Alex's Engineering Company. No work has yet been performed. lovember 18 The company received $2,208 cash fram IFM Company as partial paynent of the 0ctober 28 bill. lavember 22 The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. lovember 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Company. lovember 25 The company sent another bill to IFI Company for the past-due amount of $3,000. lovember 28 The company paid $384 cash for mileage expenses. lovember 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days' work. 0ctober 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common 5 tock. 0ctober 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 0ctober 3 The company purchased $1,420 of computer supplies on credit from Harris 0ffice Products. 0ctober 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Hint: 0ctaber 6 The company billed Easy Leasing 54,800 for services performed in installing a new Web server. Octaber 8 The company paid $1,420 cash for the camputer supplies purchased from Harris office Products on October 3. October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another $1,400 for services performed. October 15 The company received $4,800 cash from Easy Leasing as partial payment on its account. october 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. october 20 The company paid $1,728 cash for advertisements. october 22 The company received $1,400 cash from Easy Leasing on its account. october 28 The company billed IFM Company $5,208 for services performed. october 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. october 31 The company paid a $3,600 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $4,633 cash fram Liu Corporation for computer services performed. Navember 5 The company purchased computer supplies far $1,125 cash fram Harris office Products. Navember 8 The company billed Gomez Company $5,668 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Company. No wark has yet been performed. November 18 The company received $2,208 cash from IFN Company as partial payment of the 0ctober 28 bill. November 22 The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. November 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Company. November 25 The company sent another bill to IFM Company for the past-due amount of $3, 000. November 28 The company paid $384 cash for mileage expenses. November 30 The company paid $1,750 cash for Lyn Addie"s wages for 14 days" work. November 30 The company paid a $2,000 cash dividend. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November. 1 = - = 5