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 67? 684 October 1 S. Rey invested $45,000 cash, a $20,000 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 : The company purchased $1,420 of computer supplies on credit from Harris Office Products October 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,220. October 6 The company billed Easy Leasing $4,800 for services performed in installing new Web server. October# The company paid $1,420 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 $1,400 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 $805 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,728 cash for advertisements. October 22 The company received $1,400 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,208 for services performed. October 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. compar The company paid a $3,600 cash dividend. November 1 The company paid $320 cash for mileage expenses. November 2 The company received $4,633 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,125 cash from Harris Office Products company billed Gomez Company $5,668 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 $2,208 cash from IFM Company as partial payment of the October 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 $3,950 to Alex's 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 $384 cash for mileage expenses. November 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days' work. November 30 The company paid a $2,000 cash dividend. October 31 November 8 The com 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 Required 2 Required 3 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.) Show less View transaction list Journal entry worksheet 1 2 34 5 6 7 8 27 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit October 01 Record entry Clear entry View general journal The company paid a $2,000 cash dividend. Note: Enter debits before credits, Date General Journal Debit Credit November 30 Record entry Clear entry View general journal Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 101: Cash Debit Credit Date 106: Accounts Receivable Debit Credit Balance Date Balance 126: Computer Supplies Debit Credit 12B: Prepaid Insurance Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163. Office Equipment Debat Credit Date Balance Date Balance 167: Computer Equipment Debit Credit 2011 Accounts Payable Debat Credit Date Balance Date Balance 307: Common Stock Debit Credit 319: Dividends Debit Credit Date Balance Date Balance 403: Computer Services Revenue Debit Credit 623: Wages Expense Dobit Credit Date Balance Date Balance GSS: Advertising Expense Debit Credit 676: Mileage Expense Debit Credit Date Balance Date Balance 677: Miscellaneous Expenses Debit Credit 684: Repairs Expense Computer : Debit Credit Date Balance Date Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of November. BUSINESS SOLUTIONS Trial Balance November 30 Debit Credit Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable Common stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals