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 $52,000 cash, a $24,000 computer system, and $8,000 of office equipment in the company in exchange for common stock.
October 2	The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280.
October 3	The company purchased $1,330 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 $1,330 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 $1,900 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 $800 cash to repair computer equipment that was damaged when moving it.
October 20	The company paid $1,678 cash for advertisements.
October 22	The company received $1,900 cash from Easy Leasing on its account.
October 28	The company billed IFM Company $6,208 for services performed.
October 31	The company paid $945 cash for Lyn Addies wages for seven days' work.
October 31	The company paid a $3,400 cash dividend.
November 1	The company paid $260 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 $1,070 cash from Harris Office Products.
November 8	The company billed Gomez Company $6,668 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 $2,808 cash from IFM Company as partial payment of the October 28 bill.
November 22	The company paid $170 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $170.
November 24	The company completed work and sent a bill for $4,150 to Alexs Engineering Company.
November 25	The company sent another bill to IFM Company for the past-due amount of $3,400.
November 28	The company paid $312 cash for mileage expenses.
November 30	The company paid $1,890 cash for Lyn Addie's wages for 14 days' work.
November 30	The company paid a $2,000 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.

Required 1.

Prepare journal entries to record each of the above transactions for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• October 1:S. Rey invested $52,000 cash, a $24,000 computer system, and $8,000 of office equipment in the company in exchange for common stock.
• October 2:The company paid $3,280 cash for four months rent.
• Oct 3:The company purchased $1,330 of computer supplies on credit from Harris Office Products.
• Oct 5:The company paid $2,160 cash for one years premium on a property and liability insurance policy.
• Oct 6:The company billed Easy Leasing $5,400 for services performed in installing a new Web server.
• Oct 8:The company paid $1,330 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.
• Oct 12: The company billed Easy Leasing another $1,900 for services performed.
• Oct 15:The company received $5,400 cash from Easy Leasing as partial payment on its account
• Oct 17:The company paid $800 cash to repair computer equipment that was damaged when moving it.
• Oct 22: The company received $1,900 cash from Easy Leasing on its account.
• Oct 28:The company billed IFM Company $6,208 for services performed.
• Oct 31: The company paid $945 cash for Lyn Addies wages for seven days work.
• Oct 31: The company paid a $3,400 cash dividend.
• Nov 1: The company paid $260 cash for mileage expenses.
• Nov 2:The company received $4,833 cash from Liu Corporation for computer services performed.
• Nov 5:The company purchased computer supplies for $1,070 cash from Harris Office Products.
• Nov 8: The company billed Gomez Company $6,668 for services performed.
• Nov 13:The company agreed to perform future services for Alexs Engineering Company. No work has yet been performed
• Nov 18: The company received $2,808 cash from IFM Company as partial payment of the October 28 bill.
• Nov 22: The company paid $170 cash for miscellaneous expenses.
• Nov 24: The company completed work and sent a bill for $4,150 to Alexs Engineering Company.
• Nov 25: The company sent another bill to IFM Company for the past-due amount of $3,400.
• Nov 28: The company paid $312 cash for mileage expenses.
• Nov 30: The company paid $1,890 cash for Lyn Addies wages for 14 days work.
• Nov 30: The company paid a $2,000 cash dividend.

Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them.

Prepare a trial balance as of the end of November.