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. 0ctober 1 S. Rey invested $47,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. 0ctober 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 0ctober 3 The company purchased $1,340 of computer supplies on credit from Harris 0ffice Products. 0ctober 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. 0ctober 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. 0ctober 8 The company paid \$1,340 cash for the computer supplies purchased from Harris 0ffice Products on october 3. October 10 The company hired Lyn Addie as a part-time assistant. 0ctober 12 The company billed Easy Leasing another $1,800 for services performed. 0ctober 15 The company received $4,800 cash from Easy Leasing as partial payment on its account. 0ctober 17 The company paid $800 cash to repair computer equipment that was damaged when moving it. 0ctober 20 The company paid $1,688 cash for advertisements. 0ctober 22 The company received $1,800 cash from Easy Leasing on its account. 0ctober 28 The company billed IFM Company $5,808 for services performed. 0ctober 31 The company paid $770 cash for Lyn Addie's wages for seven days' work. 0ctober 31 The company paid a $3,400 cash dividend. November 1 The company paid $310 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 $1,085 cash from Harris Office Products. November 8 The company billed Gomez Company $6,268 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been 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 $3,708 cash from IFM Company as partial payment of the 0ctober 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 \$4,750 to Alex's Engineering Company. November 25 The company sent another bill to IFM Company for the past-due amount of $2,100. November 28 The company paid $372 cash for mileage expenses. November 30 The company paid $1,540 cash for Lyn Addie's wages for 14 days' work. November 30 The company paid a $1,200 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
