No. Account Title Debit $38,664 13,318 2,645 1,920 3,280 8,300 Credit 101 Cash 106 Accounts receivable 126 Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals 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 128 131 163 164 167 21,200 168 0 201 0 210 236 301 70,000 302 6,000 403 31,304 612 0 613 0 623 2,600 637 0 640 0 652 0 655 1,718 676 694 230 677 735 684 $101,304 $101,304 Totals 2 Paid $950 cash to Hillside Mall for Business Solutions share of mal1 advertising costs. 3 Paid $480 cash for minor repairs to the company's computer. 4 Received $4,150 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 $120 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $7,300 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. 15 Purchased $1,200 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 $6,175 cash. 22-Took the veek off for the holidays. Dec. ed 26 28 Received $3,400 cash from Gomez Co. on its receivable. Reimbursed S. Rey for business automobile mileage (500 miles at $0.25 per mile). 31 S. Rey withdrew $1,300 cash from the company for personal use. a. The December 31 inventory count of computer supplies shows $610 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 $120 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 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 ledge 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 owner's equity for the three months ended December 31, 2017. 6. Prepare a balance sheet as of December 31, 2017 Req 1 Req 2A Reg 2B Reg 3 Req 4 Reg 5 Reg 6 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 required" in the first account field.) View transaction list Journal entry worksheet