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 companys initial chart of accounts follows.

Account Number Account Number

Cash 101

Common stock 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 677

Accounts Payable 201

Repairs ExpenseComputer 684

October 1 S. Rey invested $54,000 cash, a $28,000 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 $1,380 of computer supplies on credit from Harris Office Products.

October 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.

October 6 The company billed Easy Leasing $5,400 for services performed in installing a new Web server.

October 8 The company paid $1,380 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 $1,500 for services performed.

October 15 The company received $5,400 cash from Easy Leasing as partial payment on its account.

October 17 The company paid $775 cash to repair computer equipment that was damaged when moving it.

October 20 The company paid $1,713 cash for advertisements.

October 22 The company received $1,500 cash from Easy Leasing on its account.

October 28 The company billed IFM Company $6,108 for services performed.

October 31 The company paid $1,015 cash for Lyn Addies wages for seven days' work.

October 31 The company paid a $3,300 cash dividend.

November 1 The company paid $280 cash for mileage expenses.

November 2 The company received $4,833 cash from Liu Corporation for computer services performed.

November 5 The company purchased computer supplies for $1,090 cash from Harris Office Products.

November 8 The company billed Gomez Company $6,368 for services performed.

November 13 The company agreed to perform future services for Alexs 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 $180 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $180.

November 24 The company completed work and sent a bill for $4,050 to Alexs Engineering Company.

November 25 The company sent another bill to IFM Company for the past-due amount of $3,000.

November 28 The company paid $336 cash for mileage expenses.

November 30 The company paid $2,030 cash for Lyn Addie's wages for 14 days' work.

November 30 The company paid a $1,500 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.