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 100 points follows. ook Recount Chah Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent ottice Iquipment Computer Equipment Accounts Payable No. Account 101 S. Toy. Capital 106 5. Rey, withdrawals 126 Computer Services Revence 120 Wages Expense 131 Advertising Expanse 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 301 302 403 623 655 676 672 64 Print References Oet. 1 S. Rey invested 545,000 cash, $20,000 computer system, and $8,000 of office equipment in the company. 2. The company paid $3,300 cash for four month rent. Mint: Dibit Prepaid Rent for $3,300. The company purchased $1,420 of computer supplies on credit from Waris Office Products The company paid $2,220 cash for one years premium on property and liability Insurance policy. Niat Debat Prepaid Insurance for $2,220. The company billed Tasy Leasing 54,800 for services performed in installing a new web server. The company paid $1,430 cash for the computer supplier purchased from Harris ottice Product on October ). 10 The company hired Lyn Addio a part-time assistant 12 The company billed Bay Leasing another $1,400 for services performed 15 The company received $4,800 cash frontasy Leasing as partial payment on account. 17 The company paid $165 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 its account 28 The company billed the company 55.200 for services performed 31 The company paid $175 cash for tyn Addio's wages for seven daye work 31 Rey withdrew 5), 600 cash from the company for personal use. Nov. 1 the company reimbursed s. Xey in cash for business automobile mileage allowance Rey Jogged 1,000 miles at $0.32 per mile) 2 The company received 54,653 cash from Liu corporation for computer services performed The company purchased computer supplies for $1,125 cash from lari Ottice Products The company blod Gomes Co. 55.661 for services performed. MC 1 100 Doints 13 The company agreed to perform tuture services for Alex's Ingineering co. No work has yet been performed. 1 The company received $2,200 cash from Tr Company - partial payment of the October 28 bill. 22 The company paid $250 cash for cell expenses. Winte Debit Miscellaneous Expense for $250. 24 The company completed work and sent bill for $3,950 to Alex'Ingineering co. 25 The company sent another bill to company for the past-due amount of 55,000. 28 The company relied S. May in cash for business automobile malenge (1,200 miles at 50.32 per mile) 30 The company paid $1,750 cash for Lyn Addle ages for 14 days' work. 30 5. Rey withdrew $2,000 cash from the company for personal we. 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 Print Complete this question by entering your answers in the tabs below. eferences Required Required 2 Required Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them, 101: Cash Debit Credit 100: Accounts Receivable Debit Credit Date Balance Date Balance MA Pry 1 of 1 III Nord 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 100 points follows. ook Recount Chah Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent ottice Iquipment Computer Equipment Accounts Payable No. Account 101 S. Toy. Capital 106 5. Rey, withdrawals 126 Computer Services Revence 120 Wages Expense 131 Advertising Expanse 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 301 302 403 623 655 676 672 64 Print References Oet. 1 S. Rey invested 545,000 cash, $20,000 computer system, and $8,000 of office equipment in the company. 2. The company paid $3,300 cash for four month rent. Mint: Dibit Prepaid Rent for $3,300. The company purchased $1,420 of computer supplies on credit from Waris Office Products The company paid $2,220 cash for one years premium on property and liability Insurance policy. Niat Debat Prepaid Insurance for $2,220. The company billed Tasy Leasing 54,800 for services performed in installing a new web server. The company paid $1,430 cash for the computer supplier purchased from Harris ottice Product on October ). 10 The company hired Lyn Addio a part-time assistant 12 The company billed Bay Leasing another $1,400 for services performed 15 The company received $4,800 cash frontasy Leasing as partial payment on account. 17 The company paid $165 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 its account 28 The company billed the company 55.200 for services performed 31 The company paid $175 cash for tyn Addio's wages for seven daye work 31 Rey withdrew 5), 600 cash from the company for personal use. Nov. 1 the company reimbursed s. Xey in cash for business automobile mileage allowance Rey Jogged 1,000 miles at $0.32 per mile) 2 The company received 54,653 cash from Liu corporation for computer services performed The company purchased computer supplies for $1,125 cash from lari Ottice Products The company blod Gomes Co. 55.661 for services performed. MC 1 100 Doints 13 The company agreed to perform tuture services for Alex's Ingineering co. No work has yet been performed. 1 The company received $2,200 cash from Tr Company - partial payment of the October 28 bill. 22 The company paid $250 cash for cell expenses. Winte Debit Miscellaneous Expense for $250. 24 The company completed work and sent bill for $3,950 to Alex'Ingineering co. 25 The company sent another bill to company for the past-due amount of 55,000. 28 The company relied S. May in cash for business automobile malenge (1,200 miles at 50.32 per mile) 30 The company paid $1,750 cash for Lyn Addle ages for 14 days' work. 30 5. Rey withdrew $2,000 cash from the company for personal we. 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 Print Complete this question by entering your answers in the tabs below. eferences Required Required 2 Required Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them, 101: Cash Debit Credit 100: Accounts Receivable Debit Credit Date Balance Date Balance MA Pry 1 of 1 III Nord