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 S. Rey, Capital 106 5. Rey. Withdrawals 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 301 302 403 623 655 676 677 684 Oct. 1 5. Rey invested $45,000 cash, a $28,000 computer system, and 39,000 of office equipment in the company. 2. The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 2. The company purchased $1,410 of computer supplies on credit from Harris Office Products 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. 6 The company billed Easy Leasing $5,100 for services performed in installing a new web server. 8. The company paid $1,410 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 $1,700 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 $1,713 cash for advertisements published in the local newspaper 22. The company received $1,700 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,908 for services performed 31 The company paid $1,015 cash for Lyn Addie's wages for seven days' work 31 S. Rey withdrew $2,700 cash from the company for personal use. Nov 1 The company reimbursed S. Rey in cash for business automobile mileage allowance (Rey logged 1, dee miles at $0.29 per mile). 2 The company received $4,833 cash from Liu Corporation for computer services performed 5 The company purchased computer supplies for $1,045 cash from Harris Office Products 8 The company billed Gomex Co. 56,368 for services performed 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed 15 The company received $3,608 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 $4,050 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past due amount of $2,300. 28 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at se.29 per mile) 3 The company paid $2,030 cash for Lyn Addie's wages for 14 days work 30 S. Rey withdrew 51,300 cash from the company for personal use. Required: 1. Prepare joumal 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 1 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 held.) View transaction to Journal entry worksheet 1 3 4 5. 6 7 8 LED 27 > S. Rey invested $45,000 cash, a $28,000 computer system, and $9,000 of office equipment in the company Not: Enter debits before credits General Journal Date Oct 01 Debit Credit View transaction list Journal entry worksheet 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare ledger accounts (In balance column format) and post the journal entries from requirement 1 to them 101: Cash Debit Credit 106: Accounts Receivable Debit Credit Date Balance Date Balance 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 167: Computer Equipment Debit Credit 201: Accounts Payable Debit Credit Date Balance Date Balance 30115, ReyCapital Debit Credit 302: S. Roy, Withdrawals Debit Credit Date Balance Date Balance 403: Computer Services Revenue Debit Credit 623: Wages Expense Debit Credit Distance Date Balance bed 655: Advertising Expense Debit Credit Date 676: Mileage Expense Debit Credit Balance Date Balance 677: Miscellaneous Expenses Debit Credit Date 684: Repairs Expense-Computer Debit Credit Balance Date Balance Prepare a trial balance as of the end of November BUSINESS SOLUTIONS Trial Balance November 30 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable S. Rey, Capital S. Rey, Withdrawals Computer services revenue Wages expense Advertising expense Mileage expense Miscellaneous expense Repairs expense-Computer Totals ces $ 0 $