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 1 s. Rey invested $51,000 cash, a $22,000 computer synten, and $8,000 of office equiprent in the conpany in exchange for conmon ntock. October 2 The company paid $3,280 cash for four months' rent, Hintt Debit Prepaid rent for $3,280. Detober 3 The company purchased 52,370 of conpater supplies on credit from Harris office products. Cetober 5 The company paid $1,860 cash for one year's preniun on a property and 11 ability insurance policy. Hinti Debit Prepaid Insurance for $1,860. Oetober 6 The conpany billed Easy Leasing $5,500 for services perforned in installing a new Keb server. Ootober 8 The company paid $1,370 eash for the computer bupplien purchaned from Harrin office Productin on October 3. Oetoher 10 The company hired Lyn Addie an a part-time assistant. october 12 The company bil1ed Easy theasing another $1,600 for services performed. Oetober 15 . The conpany received $5,500 eash fron Eany Leasing an partial paynent on ita account. october 17 The company paid 5795 canh to repair computer equipment that was damaged when noving it. Cetober 20 the conpany paid 51,713 cash for advertisenente. Oatober 22 . The ecepany received 51,600canh from gasy Leasing on fta aceount. Oetober 28. The conpany billed ITM Company 56,008 for services performed. Gotober 31 The coepany paid $1,050 eash for Lyn Nddie' in wages for seven days' work. Detober 31 the cospany paid a $2,600 eanh dsvidend. Noyenber: 1 The eompany paid 5310 eash for mileege expensen. November 2 The conpany recelved 54,633 cash tron Litu corporation for coeputer services perforned. Hovenber 5 The eonpany purehased coepater aupplies for 51,035 cash from Harria oftice Producta. Hovember the conpany billed gonez Coopany 56,06 tor nervicen perforned. Hovenber 13 The company agreed to perfori future servieen for Alex's Rngineering Conpany, No vork has yet been pertormed. Hoventer 18 The company received $2,20 en canh from Int Conpany as partial payment of the oetober 23. bil1, lovember 18 The company received $2,208 cash from IFM Company as partial paysent of the oetober 28 bill. November 22 The company paid $230 cash for miscellaneous expenses. Hint : Debit Miscellaneous Bxpenses for $230. November 24 The company completed work and sent a bill for $4,650 to Alex's Engineering Company. November 25 the company sent another bill to IFM Company for the past-due amount of $3,800. November 28 The company paid $372 cash for mileage expenses. Novenber 30 The company paid $2,100 cash for Lyn Addie's wages for 14 days' work. November 30 The coenpany paid a $1,700 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. Prepare a trial balance as of the end of November. Prepare a trial balance as of the end of November
