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On October 1 , 2 0 2 1 , Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system

On October 1,2021, Santana Rey launched a computer services company called Business Solutions, which provides consulting
services, computer system installations, and custom program development. The company's initial chart of accounts follows.
October 1 S. Rey invested $55,000 cash, a $29,000 computer system, and $9,000 of office equipment in the company in
exchange for common stock.
October 2 The company paid $3,260 cash for four months' rent. Hint: Debit Prepaid Rent for $3,260.
October 3 The company purchased $1,340 of computer supplies on credit from Harris 0ffice Products.
October 5 The company paid $1,920 cash for one year's premium on a property and liability insurance policy. Hint:
Debit Prepaid Insurance for $1,920.
October 6 The company billed Easy Leasing $5,000 for services performed in installing a new Web server.
October 8 The company paid $1,340 cash for the computer supplies purchased from Harris 0ffice Products on 0 ctober 3.
0ctober 10 The company hired Lyn Addie as a part-time assistant.
October 12 The company billed Easy Leasing another $1,500 for services performed.
October 15 The company received $5,000 cash from Easy Leasing as partial payment on its account.
october 17 The company paid $800 cash to repair computer equipment that was damaged when moving it.
October 20 The company paid $1,678 cash for advertisements.
October 22 The company received $1,500 cash from Easy Leasing on its account.
October 28 The company billed IFM Company $5,708 for services performed.
October 31 The company paid $1,015 cash for Lyn Addie's wages for seven days' work.
0ctober 31 The company paid a $3,200 cash dividend.
November 1 The company paid $220 cash for mileage expenses.
November 2 The company received $5,133 cash from Liu Corporation for computer services performed.
November 5 The company purchased computer supplies for $1,115 cash from Harris 0ffice Products.
November 8 The company billed Gomez Company $5,768 for services performed.
November 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been
performed.
November 18 The company received $2,008 cash from IFM Company as partial payment of the 0ctober 28 bill.
November 22 The company paid $190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $190.
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 $3,700.
November 28 The company paid $264 cash for mileage expenses.
November 30 The company paid $2,030 cash for Lyn Addie's wages for 14 days' work.
November 30 The company paid a $1,100 cash dividend.
Required:
Prepare journal entries to record each of the above transactions for Business Solutions.
Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them.
Prepare a trial balance as of the end of November.
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