No . 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-computer equipment 201 Accounts payable 210 Wages payable 236 07 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses Account Title Debit credit 38,764 12,818 2,645 2,160 3,200 8,600 ts 20,400 eBook Print Unearned computer services revenue eferences 67,000 5, 900 33,124 2,350 1,638 634 684 Repairs expense-Computer 240 Totals $100,124 $100,124 sulutlons Haa the tolowing transactions and events in December 2017 Dec. 3 Paid $935 cash to Hillside Nall for business S Solutionsehare of mall advertising costs Paid $420 eash for minor repairs to the conpany's computer 10 eferences from Alex's Engineering Co. for the receivable fron November. Faid cash to Lyn Add ie for six days of vork at the rate of SS per day 14 Notified by Alex's Engineering Co, tha t Business Solutions' bid ot $7,800 on a proposed project has been accepted. Alex's paid a $2,000 cash advance to Bus iness i6 Sent a reminder to Gomez Co. to pay the fee for services r 20 Completed a project for Liu Corporation and received $3,725 eash 26 2s Received $3,600 cash from Gomes Co. on ies receivable 31 The company paid $1,100 eash in dvidends Solutions of computer euppiiea on eredit trom Harris otflce Producta. 22- Took the veek ott tor the ho1idays eimburaed s. Rey tor business autonobile nileage (500 miles at 50.25 per mile). ing adjusting entries prior to preparing financial statements for the The following additional facts are collected for use in mak 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 Addie has not been paid for four days of work at $115 per day d. The computer system, acquired on October 1, is expected to have a four-year ife with no 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 Check my The following additional facts are collected for use in making adjusting entries prior to prep company's first three months: aring financial statements for the 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 points c. As of December 31, Lyn Addie has not been paid for four days of work at $115 per day d. 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 solvage value elook f. Three of the four months' prepaid rent has expired. Print ReferencesRequired: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions 2-b. Post the jourmal 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 post the necessary closing entries as of December 31, 2017 8. Prepare a as of Complete this question by entering your answers in the tabs below Req Req 2A Reg 2 Req 3RR R6Rea7Re Prepare adjusting entries to reflect a through f