On October 1, 2021, 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 Number 101 106 126 128 131 163 167 201 Account Common stock Dividends Computer Services Revenue Wages Expense Advertising Expense Mileage Expense Miscellaneous Expenses Repairs Expense-Computer Number 307 319 403 623 655 676 677 684 October 1 S. Rey invested $46,000 cash, a $21,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,260 cash for four months' rent. Hint: Debit Prepaid Rent for $3,260. October 3 The company purchased $1,340 of computer supplies on credit from Harris Office Products. October 5 The company paid $1,860 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,860. October 6 The company billed Easy Leasing $4,800 for services performed in installing a new Web server. October 8 The company paid $1,340 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 $2,400 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 $795 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,688 cash for advertisements. October 22 The company received $2,400 cash from Easy Leasing on its account. October 28 The company billed IFM Company $6,008 for services performed. October 31 The company paid $980 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $2,700 cash dividend. November 1 The company paid $260 cash for mileage expenses. November 2 The company received $5,133 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,100 cash from Harris Office Products. November 8 The company billed Gomez Company $6,068 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. November 18 The company received $3,108 cash from IFM Company as partial payment of the October 28 bill. November 22 The company paid $190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $190. November 24 The company completed work and sent a bill for $4,250 to Alex's Engineering Company. November 25 The company sent another bill to IFM Company for the past-due amount of $2,900. November 28 The company paid $312 cash for mileage expenses. Last transaction November 30 The company paid $1,960 cash for Lyn Addie's wages for 14 days' work.

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 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. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them On October 1, 2021, 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. October 15 . Fey invested $46,000 canh, a $21,000 cosputer system, and $9,000 of of f ice equiphent in the conpany in exchange for connon stock. october 2 The company paid $3,260 cauh for four nonths' rent. Ifint, Debit prepaid Rent for $3,260. October 5 The company paid $1,860 canh for one year's preniun on a property and liability inaurance policy. Hint: Detober 6 The conpasy billed fany Leasing $4,800 for services perforted in installing a new Neb server. Oetober 8 The ecopany paid $1,340 casb for the compater mupplies parcbased from llarris oftice products on Oetober 3. october 10 The ecopany hired Lyo Mddie as a part-time assistant. Detober 12. The coepany billed Easy Leaning another 52,400 for services performed. Oetober is The company received $4,500 cash fron rasy Leasing as partial paynest on ita account. October 17 The company poid $795 cash to repair conputer equipmont that vail dasaged when moving 1t. october 20 the company paid 51,658 cash for advertisesents. october 22 the cospany recelved $2,400 cash from kasy Leasing on its account. oetober 21 The cospany billed Irn Company 56,008 for wervices performed. Oetober 31 The cospany paid $960 canh tor tyn Nddie's wages for seven day" work. october 31 the company paid a $2,700 cash dividend. Novenber 1 The company poid $260 cash for mileaye expenses. November 2 The company recelved $5,133 cash tron tifu corporation for eonputer services performed. Novenber 5 The conpany purehased coeputer supplies for $1,100 canh fros Harrin oftice Producta. November if the company bilied Gomez conpany $6,06$ for servicen performed. sovenber 13 the company agreed to perform future services tor Alex's Engineering conpany, No work has yet benen November 14 The cospany received $3,108 eash from 1 rm company as partial paynent of the oetober 28 bit1. November 22 The company paid $190 eash for miscellaneous expenses. Mintr Debit Mincelianeouil Expenses for $190. November 24 The company completed work and sent a bill for $4,250 to Alex" In Fnineering Company. November 25 The company neat another bili to in company fot the past-due anount of 12,900 . Noveinber 28 the eorpany paid 5312 canh for mileage expensen. November 30 the cospany pald $1,960 eash for Lyh Addie's vages for I4 days " work. 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. Prepare journal entries to record each of the above transactions for Business Solutions. Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Journal entry worksheet 234567827 5. Rey invested $46,000 cash, a $21,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. Note: Enter debits before credits. Prepare a trial balance as of the end of November