Number Account Title Debit 101 Credit Cash $ 38,464 106 Accounts receivable 13,318 126 Computer supplies 2,645 128 Prepaid insurance 2,100. 131 Prepaid rent 2,960 163 Office equipment 8,600 164 167 Computer equipment 168 Accumulated depreciation-Office equipment Accumulated depreciation-Computer equipment 0 22,800 0 201 Accounts payable 0 210 Wages payable 0 236 Unearned computer services revenue 0 301 5. Rey, Capital 66,000 302 5. Rey, Withdrawals 5,600 403 612 613 623 Wages expense 637 640 Rent expense 652 655 Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Insurance expense Computer supplies expense Advertising expense 36,079 0 0 2,275 0 0 0 1,718 676 Mileage expense 664 677 Miscellaneous expenses 160 684 Repairs expense-Computer Totals 775 $ 102,079 $ 102,079 Business Solutions had the following transactions and events in December 2021. December 2 Paid $945 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $450 cash for minor repairs to the company's computer. December 4 Received $4,550 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 $110 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,400 on a proposed project has been accepted. Alex's paid a $1,800 cash advance to Business Solutions. December 15 Purchased $1,800 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 project for Liu Corporation and received $5,725 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,200 cash from Gomez Company on its receivable.. December 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.30 per mile). December 31 S. Rey withdrew $1,000 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 company's first three months. 8. The December 31 Inventory count of computer supplies shows $640 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 $110 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 1. Three of the four months' prepaid rent have expired Prek 1 of 1 Next 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 101 106 Account Title Cash Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 Accumulated depreciation office equipment 167 Computer equipment Debit $38,464 Credit 13,318 2,645 2,100 2,968 8,600 22,800 168 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 5. Rey, Capital 302 5. Rey, Withdrawals 403 Computer services revenue 612 Depreciation expense Office equipment B 66,000 5,600 36.079 613 Depreciation expense Computer equipment 623 Wages expense 2,275 637 Insurance expense e 1648 Rent expense E 652 Computer supplies expense 655 Advertising expense 1,718 676 Mileage expense 664 677 Miscellaneous expenses 168 684 Repains expense-Computer Totals 7715 $182,879 102.879 Business Solutions had the following transactions and events in December 2021. December 2 Paid $945 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $450 cash for minor repains to the company's computer December 4 Received $4,558 cash from Alex's Engineering Company for the receivable from November December 10 Paid cash to Lyn Addio for six days of work at the rate of $110 per day December 14 Notified by Alex's Engineering Company that Business solutions's bid of $7,400 on a proposed project has been accepted. Alex's paid a $1,200 cash advance to Business solutions. December 15 Purchased $1,800 of computer supplies on credit from Harris office Products. December 16 Sent atominder to Gomez torpany to pay the fee for services recorded on November 8. December 20 December 22 26 Completed a project for Liu Corporation and received $5,725 cash. took the wook off for the holidays December 28 Received $3,200 cash from Gomez Company on its receivable. December 29 Reimbursed S. Roy for business autorobile mileage (500 miles at $0.30 per mile December 31 S. Roy withdrew $1,000 cash from the company for personal use. The following caditional 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 supples shows $540 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 $110 per day d. The computer system, acquired on October is expected to have a four-year life with no salvage value e. The office equipment, acquired on October is expected to have a five-year life with no salvage value f. Three of the four months prepaid rent have expired Required: 1. Prepere journal entries to record each of the December transactions and events for Business Solutions 2-a. Prepore adjusting entries to reflect a through f 2-b. Fost the journal entries to record each of the December transactions, gajusting entries to the accounts in the langer 3. Prepare on adjusted trial balance as of December 31, 2021