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 Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 307 319 403 623 655 676 677 684 Oct. 1 5. Rey invested $51,eee cash, a $25,eee computer system, and $8,eee of office equipment in the company in exchange for common stock. 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 3 The company purchased $1,378 of computer supplies on credit from Harris Office Products. 5 The company paid $2,160 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,160. 6 The company billed Easy Leasing $5,000 for services performed in installing a new Web server. 8 The company paid $1,378 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 $1,780 for services performed. 15 The company received $5,eee cash from Easy Leasing as partial payment on its account. 17 The company paid $76@ cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,683 cash for advertisements. 22 The company received $1,780 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,508 for services performed. 31 The company paid $980 cash for Lyn Addie's wages for seven days' work. 31 The company paid a $3,300 cash dividend. 1 The company paid $270 cash for mileage expenses. 2 The company received $5,433 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,655 cash from Harris Office Products. 8 The company billed Gomez Co. $6,368 for services performed. 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. 18 The company received $2,488 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $190. 24 The company completed work and sent a bill for $4,250 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past-due amount of $3,100. 28 The company paid $324 cash for mileage expenses. 30 The company paid $1,968 cash for Lyn Addie's wages for 14 days' work. 30 The company paid a $1,200 cash dividend. 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 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 W 0 $ 0 11: Ch. Debit Credit 108: Accounts Recalvable Debit Credit Date Balance Date Balance 128: Computer auppa Debit Credit 128: Prepald Incurance Credit Date Balance Date Debit Balance 131: Prepaid Rent Debit Credit 188: Office Equipment Debit Credit Date Balance Date Balance 187: Computer Equipment Debit Credit 201: Accounts Payable Debit Credit Date Balance Date Balance 307: Common took Debit Credit 318: Dividends Debit Credit Date Balanon Date Balance 408: Computer Barvies Ravenue Debit Credit 820: Wages Expance Debit Credit Date Balance Date Balenge 856: Advertising Expense Debit Credit Date B7B: Mileage Expence Debit Credit Balanos Date Balance 877: Miscellaneous Expences Debit Credit 884: Repairs Expence Computer Debit Credit Balance Date Balance Date Journal entry worksheet Journal entry worksheet Journal entry worksheet 27 9 10 11 12 13 27 The company paid $760 cash to repair computer equipment that was damaged when moving it. The company billed IFM Company $5,508 for services performed The company paid $270 cash for mileage expenses. Note: Erborec Not: Exeeds Note: Enter bis balore credits Date Oct 28 Debit Credit General Journal General Journal Debit Credit Date Date Oct 17 General Journal Debit Credit Nov 01 Journal entry worksheet Journal entry worksheet 9 10 11 12 13 > 27 15 16 1727 The company paid $1,683 cash for advertisements The company paid $980 cash for Lyn Addie's wages for seven days' work. The company received $5,433 cash from Llu Corporation for computer services performed Nota: El des forces Nel Nota: El dubts before credits Note: Er det before credits Date General Journal Debit Credit General Journal Debit Credit Date Oct 31 General Journal Debit Credit Date Nov 02 Oct 20 Journal entry worksheet Journal entry worksheet Journal entry worksheet 1 ... 10 10 11 12 13 14 15 27 > 1 1 ... 13 15 16 17 18 27 > The company received $1,700 cash from Easy Leasing on its account The company paid a $3,300 cash dividend. The company purchased computer supplies for $1,055 cash from Harris Office Products Nota: El dubts before credits Note: Enter bis before credits : Nota: El debitores General Journal Debit Credit Date Oct 22 General Journal Debit Credit Date Oct 31 General Journal Debit Credit Date Nov 05 Journal entry worksheet Journal entry worksheet 1 ... 17 18 19 20 21 22 27 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed The company completed work and sent a bill for $4,250 to Alex's Engineering Co. The company paid $1,960 cash for Lyn Addie's wages for 14 days' work. Nelerdits for credits Nola: Ebits before credits Nota: Ember General Journal Debit Credit General Journal Debit Credit General Journal Debit Credit Date Nov 13 Date Nov 24 Date Nov 30 Journal entry worksheet Journal entry worksheet Journal entry worksheet 2 23 * 19 24 21 27 25 26 The company received $2,408 cash from IFM Company as partial payment of the October 28 bill. The company paid a $1,200 cash dividend. The company sent another bill to IFM Company for the past-due amount of $3,100. Nole: Este dobila balore credits Note: Erdb before credits Note: Erdb before credits Date General Journal Debit Credit General Journal De Credit General Journal Debit Credit Nov 18 Date Nov 25 Date Nov 30