On October 1, 2019, 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 company's first set of financial statements on December 31, 2019. The company's initial chart of accounts follows. No. 301 Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 S. Rey, Capital 106 S. Rey, Withdrawals 126 Computer Services Revenue 128 Vages Expense 131 Advertising Expense 163 Tileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer 302 403 623 655 676 677 684 Oct. 1 S. Rey invested $45,000 cash, a $24,000 computer systen, and $9,000 of office equipment in the company. 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280. 3 The company purchased $1,380 of computer supplies on credit fron Harris Office Products. 5 The company paid $1,680 cash for one year's premiun on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. 6 The company billed Easy Leasing $5,200 for services performed in installing a new Web server. 8 The company paid $1, 380 cash for the conputer supplies purchased fron Harris Office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant. 12 The company billed Easy Leasing another $2,300 for services performed. 15 The company received $5,200 cash fron Easy Leasing as partial paynent on its account. 17 The company paid $755 cash to repair conputer equipment that was danaged when noving it. 20 The company paid $1,713 cash for advertisements published in the local newspaper. 22 The company received $2,300 cash from Easy Leasing on its account. 28 The company billed IFM Company $5, 608 for services performed. 31 The company paid $910 cash for Lyn Addie's wages for seven days' work. 31 S. Rey vithdrew $2,700 cash from the conpany for personal use. The company reimbursed S. Rey in cash for business automobile nileage allowance (Rey logged 1,000 miles at $0.29 per nile). 2 The company received $5,333 cash fron Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,100 cash from Harris Office Products. 8 The company billed Gomez Co. $6,568 for services performed. 13 The company agreed to perforn future services for Alex's Engineering Co. No work has yet been performed. 18 The company received $2,408 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $240 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $240. 24 The company completed work and sent a bill for $4,450 to Alex's Engineering Co. 25 The company sent another bill to IFR Conpany for the past-due anount of $3,200. 28 The company reinbursed S. Rey in cash for business automobile nileage (1, 200 miles at $0.29 per mile). 30 The company paid $1,820 cash for Lyn Addie's wages for 14 days' work. 30 S. Rey withdrew $1,300 cash from the company for personal use. Nov. 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