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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.

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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 Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable No. Account 101 Comuton Stock 106 Dividende 126 Computer Services Revenue 128 Wages Expense 151 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense Computer No. 307 519 403 623 655 676 677 684 Oct. 1 5. Rey invested 945,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. 2 The company paid 53,300 cash for four monthar rent. Winti Debit Prepatd Rent for $3,300. 3 The company purchased $1,420 of computer supplies on credit from Harris offee Products 5 The company paid 52,220 cash for one year's premium on a property and liability Insurance policy. Minta Debit Prepaid Thourance for 62,220. 6 The company billed tasy Leasing $4,800 for services performed in installing a new web server. 8 The company paid $1,420 cash for the computer supplies purchased from Harris office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant. 12 The company billed Easy Leasing another $1,400 for services performed 15 The company received 54,800 cash from Easy Leasing as partial payment on its account. 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,728 cash for advertisements published in the local newspaper 22 The company received $1,400 cash from Easy Leasing on ite account. 28 The company billed TIM Company $5,200 for services pertorned. 31 The company paid $875 cash for Lyn Addie's wagou for seven days' work. 31 The company paid a $3,600 cash dividend. Nov. 1 The company reimbursed 3. Rey in cash for business automobile mileage allowance (Roy logged 1.000 miles at $0.12 Dan Nov. 31 The company paid a $3,600 canh dividend. 1 The company reimbursed S. Rey in cash for business automobile mileage allowance (Ray logged 1,000 miles at $0.32 per mile). 2 The company received $4,633 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. # The company billed Gomes Co. 55,668 for services performed. 1) The company agreed to perform Euture services for Alex's Ingineering Co. No work has yet been performed 18 The company received $2,208 cash from ITM Company as partial payment of the October 20 bill. 22 The company paid $250 cash for miscellaneous expenses. Hintt Debit Miscellaneous Expense for $250. 24 The company completed work and sent a bill for $3.950 to Alex's Engineering co. 25 The company sent another bill to ITM Company for the past-due amount of $3,000. 29 The company reimbursed 8. Hy in cash for business automobile mileage (1,200 miles at $0.32 per mile). 30 The company paid $1,250 cash for Lyn Addio's wages for 14 days' work. 30 The company paid a $2,000 cash dividend. 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 to them. 3. Prepare a trial balance as of the end of November Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare journal entries to record each of the above transactions for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lat

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