On October 1, 2020, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. Account Cash Number 101 Account Number Common Stock 307 Accounts Receivable 106 Dividends 319 Computer Supplies 126 Computer Services Revenue 403 Prepaid Insurance 128 Wages Expense 623 Prepaid Rent Office Equipment Computer Equipment 131 Advertising Expense 655 163 Mileage Expense 676 167 Miscellaneous Expenses 677 Accounts Payable 201 Repairs Expense-Computer 684 October 1 5. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. October 3 The company purchased $1,420 of computer supplies on credit from Harris Office Products. October 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,220. October 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. October 8 The company paid $1,420 cash for the computer supplies purchased from Harris office Products on October 3. October 18 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another $1,400 for services performed. October 15 The company received $4,800 cash from Easy Leasing as partial payment on its account. October 17 The company paid $80s cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,728 cash for advertisements. October 22 The company received $1,400 cash from Easy Leasing on its account. October 28 The company billed IFH Company $5,288 for services performed. October 31 The company paid $875 cash for Lyn Addie's wages for seven days work. October 31 The company paid a $3,600 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $4,633 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. November The company billed Gomez Co. $5,668 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. November 1 The company received $2,288 cash from IFM Company as partial payment of the October 28 bill. November 22 The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. November 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Co. November 25 The company sent another bill to IFM Company for the past-due amount of $3,000. November 28 the company paid $384 cash for mileage expenses. November 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days! work. November 3 The company paid a $2,000 cash dividend. Required: 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 journal entries to record each of the above transactions for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Date General Journal 1 October 01 Cash Computer equipment Office equipment Common Stook Required 2 > Debit Credit 45,000 20,000 8,000 73,000 L Journal entry worksheet 2 3 4 5 6 7 8 27 The company paid $3,300 cash for four months' rent. Note: Enter debits before credits. Date October 02 General Journal Debit Credit Record entry Clear entry View general journal Required 2> View transaction list Journal entry worksheet < 2 3 5 6 7 8..... 27 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Note: Enter debits before credits. Date October 05 General Journal Debit Credit Record entry Clear entry View general journal Required 2 > View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 27 27 > The company purchased $1,420 of computer supplies on credit from Harris Office Products. Note: Enter debits before credits. Date October 03 General Journal Debit Credit Record entry Clear entry View general journal Required 2> 1 Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 101: Cash fiate Debit Credit Balance Dat 106 Accounts Receivable Debit Credit Balance eflook Print Deterances Clate Debit 126 Computer Supplies Credit 128: Prepaid Insurance Balance Date Debit Credit lalance Cate Date Date Clate Date 121 Prepaid Re Debit Credit Balance Dlate 163 Office Expriment Debid Credit Helance 147 Cumputer Equipment Dett Credit Elelance Date 201: Accounts Payable Debit Credit Balance 307: Common Stock Debi Credit Balance Date 319 Dividends Debit Credit Balance 403: Computer Services Revenue Debit Credit Balance Date 623 Wages Expense Debit Credit Balance 655 Advertising Expense 676: Mileage Expense Debit Credit Balance Date Debit Credit Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 Common Stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals $ 0 $ 1 Book Print Date 403 Computer Services Revenue Defait Credt Balance Cate 622 Wages Expense Debit Credit Balance Baferences 655 Advertising Expense Date Debit Credit Balance Date 676: Mileage Expense Debit Credit Balance Date 677 Miscellaneous Expenses Debit Credit Balance Date 654: Repairs Expense-Computer Debit Credit Balance On October 1, 2020, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows Account Account Number Cash 101 Common Stock Number 307 Accounts Receivable 106 Dividends 319 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 Accounts Payable 201 Repairs Expense-Computer 677 684 October 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,300 cash for four months' renty Hint: Debit Prepaid Rent for $3,300. October 3 The company purchased $1,420 of computer supplies en credit from Harris Office Products. October 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,220. October 6 The company billed Easy Leasing $4,800 for services performed in installing a new Web server. October 8 The company paid $1,420 cash for the computer supplies purchased from Harris Office Products on October 3. October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another $1,400 for services performed. October 15 The company received $4,800 cash from Easy Leasing as partial payment on its account. October 17 The company paid $885 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,728 cash for advertisements. October 22 The company received $1,400 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,288 for services performed. October 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $3,600 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $4,633 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. November 8 The company billed Gomez Co. $5,668 for services performed. Prev 1 of 1 Next October 17 The company paid $885 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,728 cash for advertisements. October 22 The company received $1,400 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,208 for services performed. October 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $3,600 cash dividend. November 1 The company paid $320 cash for mileage expenses.. November 2 The company received $4,633 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. November 8 The company billed Gomez Co. $5,668 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. November 18 The company received $2,208 cash from IFM Company as partial payment of the October 28 bill. November 22 The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. November 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Co. November 25 The company sent another bill to IFM Company for the past-due amount of $3,000. November 28 The company paid $384 cash for mileage expenses. November 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days' work. November 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 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. 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 Date Debit Credit Balance Date 106: Accounts Receivable Debit Credit Balance Date Date Date Date Date 126: Computer Supplies Debit Credit Balance Date 131: Prepaid Rent Debit 128: Prepaid Insurance Debit Credit Balance Credit Balance Date 163: Office Equipment Debit Credit Balance 167: Computer Equipment 201: Accounts Payable Debit Credit Balance Date Debit Credit Balance 307: Common Stock Debit Credit Balance Date 319: Dividends Debit Credit Balance 403: Computer Services Revenue Debit Credit 623: Wages Expense Balance Date Debit Credit Balance Date Date Date 403: Computer Services Revenue Debit Credit 655: Advertising Expense Debit Balance Date 623: Wages Expense Debit Credit Balance 676: Mileage Expense Credit Balance Date Debit Credit Balance 677: Miscellaneous Expenses Debit Credit Balance Date 684: Repairs Expense-Computer Debit Credit Balance E Required 1 Required 2 Required 3 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 Common Stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 69 0 $ 0