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 $55,000 cash, a $21,000 computer system, and $8,000 of office equipment in the company. October 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for \$3,280. October 3 The company purchased $1,410 of computer supplies on credit from Harris Office Products. October 5 The company paid \$2,100 cash for one year's premium on a property and liability insurance policy Hint: Debit Prepaid Insurance for $2,100. October 6 The company billed Easy Leasing $5,600 for services performed in installing a new Web server. October 8 The company paid $1,410 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 $2,100 for services performed. October 15 The company received $5,600 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 $1,703 cash for advertisements. October 22 The company received $2,100 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,608 for services performed. October 31 The company paid \$1,015 cash for Lyn Addie's wages for seven days' work. October 31 S. Rey withdrew \$2,900 cash from the company for personal use. November 1 The company paid $260 cash for mileage expenses. November 2 The company received \$5,533 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for \$1,080 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 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 \$190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for November 24 The company completed work and sent a bill for \$4, 150 to Alex's 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 $2,030 cash for Lyn Addie's wages for 14 days' work. November 30 S. Rey withdrew $1,400 cash from the company for personal use. 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. 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 $55,000 cash, a $21,000 computer system, and $8,000 of office equipment in the company. October 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for \$3,280. October 3 The company purchased $1,410 of computer supplies on credit from Harris Office Products. October 5 The company paid \$2,100 cash for one year's premium on a property and liability insurance policy Hint: Debit Prepaid Insurance for $2,100. October 6 The company billed Easy Leasing $5,600 for services performed in installing a new Web server. October 8 The company paid $1,410 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 $2,100 for services performed. October 15 The company received $5,600 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 $1,703 cash for advertisements. October 22 The company received $2,100 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,608 for services performed. October 31 The company paid \$1,015 cash for Lyn Addie's wages for seven days' work. October 31 S. Rey withdrew \$2,900 cash from the company for personal use. November 1 The company paid $260 cash for mileage expenses. November 2 The company received \$5,533 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for \$1,080 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 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 \$190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for November 24 The company completed work and sent a bill for \$4, 150 to Alex's 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 $2,030 cash for Lyn Addie's wages for 14 days' work. November 30 S. Rey withdrew $1,400 cash from the company for personal use. 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