On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the companys first set of financial statements on December 31, 2017. The companys initial chart of accounts follows.

Account	No.		Account	No.
Cash	101		S. Rey, Capital	301
Accounts Receivable	106		S. Rey, Withdrawals	302
Computer Supplies	126		Computer Services Revenue	403
Prepaid Insurance	128		Wages Expense	623
Prepaid Rent	131		Advertising Expense	655
Office Equipment	163		Mileage Expense	676
Computer Equipment	167		Miscellaneous Expenses	677
Accounts Payable	201		Repairs ExpenseComputer	684

Oct.		1		S. Rey invested $52,000 cash, a $22,000 computer system, and $8,000 of office equipment in the company.
		2		The company paid $3,260 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,260.)
		3		The company purchased $1,330 of computer supplies on credit from Harris Office Products.
		5		The company paid $2,100 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $2,100.)
		6		The company billed Easy Leasing $5,100 for services performed in installing a new Web server.
		8		The company paid $1,330 cash for the computer supplies purchased from Harris Office Products on October 3.
		10		The company hired Lyn Addie as a part-time assistant for $125 per day, as needed.
		12		The company billed Easy Leasing another $1,900 for services performed.
		15		The company received $5,100 cash from Easy Leasing as partial payment on its account.
		17		The company paid $765 cash to repair computer equipment that was damaged when moving it.
		20		The company paid $1,708 cash for advertisements published in the local newspaper.
		22		The company received $1,900 cash from Easy Leasing on its account.
		28		The company billed IFM Company $6,008 for services performed.
		31		The company paid $875 cash for Lyn Addies wages for seven days' work.
		31		S. Rey withdrew $3,000 cash from the company for personal use.
Nov.		1		The company reimbursed S. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0.24 per mile).
		2		The company received $5,033 cash from Liu Corporation for computer services performed.
		5		The company purchased computer supplies for $1,050 cash from Harris Office Products.
		8		The company billed Gomez Co. $6,068 for services performed.
		13		The company received notification from Alexs Engineering Co. that Business Solutionss bid of $4,750 for an upcoming project was accepted.
		18		The company received $2,208 cash from IFM Company as partial payment of the October 28 bill.
		22		The company donated $240 cash to the United Way in the company's name.
		24		The company completed work for Alexs Engineering Co. and sent Alexs a bill for $4,750.
		25		The company sent another bill to IFM Company for the past-due amount of $3,800.
		28		The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $0.24 per mile).
		30		The company paid $1,750 cash for Lyn Addie's wages for 14 days' work.
		30		S. Rey withdrew $1,700 cash from the company for personal use.

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.

Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance Oct. 1 Oct. 2 Oct. 5 Oct. 8 Oct. 15 Oct. 17 Oct. 20 Oct. 22 Oct. 31 Oct. 31 Nov. 1 OV Nov. 2 Nov. 5 Nov. 18 Nov. 22 ov. 28 Nov. 30 Nov. 30