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 Number 101 Account Number 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 Expense-Computer 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 3 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 October 8 October 10 October 12 October 15 October 17 October 20 October 22 October 28 The company billed Easy Leasing $4,800 for services performed in installing a new Web server. The company paid $1,420 cash for the computer supplies purchased from Harris Office Products on October 3. The company hired Lyn Addie as a part-time assistant. The company billed Easy Leasing another $1,400 for services performed. The company received $4,800 cash from Easy Leasing as partial payment on its account. The company paid $805 cash to repair computer equipment that was damaged when moving it. The company paid $1,728 cash for advertisements. The company received $1,400 cash from Easy Leasing on its account. 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. October 31 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. November 8 The company billed Gomez Company $5,668 for services performed. November 13 November 18 November 22 November 24 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. The company received $2,208 cash from IFM Company as partial payment of the October 28 bill. The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. 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. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of the above transactions for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No 1 Date October 01 Cash Computer equipment Office equipment Common stock 2 October 02 Prepaid rent Cash 3 October 03 Computer supplies Accounts payable 4 October 05 Prepaid insurance Cash 5 October 06 Accounts receivable Computer services revenue 6 October 08 Accounts payable Cash 7 October 10 Cash Accounts receivable General Journal Debit Credit 8,000 8 October 12 Repairs expense-Computer Cash 9 October 15 Advertising expense Cash 10 October 17 Cash Accounts receivable 11 October 20 Accounts receivable Casn 10 October 17 Cash Accounts receivable * 11 October 20 Accounts receivable Computer services revenue 12 October 22 Wages expense Cash 13 October 28 Dividends Cash 14 October 31 Mileage expense Cash 15 October 31 Cash Accounts receivable 16 November 01 Computer supplies Cash 17 November 02 Accounts receivable Computer services revenue 18 November 05 Mileage expense Cash 19 November 08 Accounts receivable Common stock 20 November 13 Accounts receivable Computer services revenue 21 November 18 Mileage expense Cash 22 November 22 Wages expense Cash 23 November 24 Dividends Cash < Required 1 Required 2 > * Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 101: Cash Date Debit Credit Balance Date Date Date Date Date Debit 106: Accounts Receivable Credit Balance Credit Balance Date 128: Prepaid Insurance Debit Credit Balance 126: Computer Supplies Debit Credit Balance Date 163: Office Equipment Debit Credit Balance 131: Prepaid Rent Debit 167: Computer Equipment Debit Credit Balance Date 201: Accounts Payable Debit Credit Balance 307: Common Stock Debit 319: Dividends Credit Balance Date Debit Credit Balance Date Date Date Date 131: Prepaid Rent Debit Credit Balance Date 163: Office Equipment Debit Credit Balance 167: Computer Equipment Debit Credit Balance Date 201: Accounts Payable Debit Credit Balance 307: Common Stock Debit Credit Balance Date 319: Dividends Debit Credit Balance 403: Computer Services Revenue Debit Credit Balance Date 623: Wages Expense Debit Credit Balance Date 655: Advertising Expense Debit Credit Balance Date 676: Mileage Expense Debit Credit Balance Date 677: Miscellaneous Expenses Debit Credit Balance Date 684: Repairs Expense-Computer Debit Credit Balance < Required 1 Required 3 > October 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $3,600 cash dividend. November 1 November 2 November 5 November 8 November 13 November 18 November 22 November 24 November 25 November 28 The company paid $320 cash for mileage expenses. The company received $4,633 cash from Liu Corporation for computer services performed. The company purchased computer supplies for $1,125 cash from Harris Office Products. The company billed Gomez Company $5,668 for services performed. The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. The company received $2,208 cash from IFM Company as partial payment of the October 28 bill. The company paid $250 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $250. The company completed work and sent a bill for $3,950 to Alex's Engineering Company. The company sent another bill to IFM Company for the past-due amount of $3,000. 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. 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. Answer is not complete. 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 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 Trial Balance November 30 Debit Credit Miscellaneous expenses Repairs expense-Computer Totals $ 0 < Required 2 0 Required 3 >