please help me understand this. i have attached every single oart of the 8-part question to show what has to be filled out. im sorry this is a burden but i really appreciate you and thank you:)

SP 3 Serial Problem Business Solutions (Algo) LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number Account Title Debit Credit 101 Cash $ 38,764 106 Accounts receivable 13,218 126 Computer supplies 2,545 128 Prepaid insurance 2,100 131 Prepaid rent 3,240 163 office equipment 9,500 164 Accumulated depreciation-office equipment $0 167 Computer equipment 20,000 168 Accumulated depreciation Computer equipment 0 201 Accounts payable 0 210 Wages payable 0 236 Unearned computer services revenue 0 307 Common stock 71,000 318 Retained earnings 0 319 Dividends 6,600 403 Computer services revenue 29,614 612 Depreciation expense-office equipment 0 613 Depreciation expense-Computer equipment 0 623 Wages exponse 2,300 637 Insurance expense 0 640 Rent expense 0 652 Computer supplies expense 0 655 Advertising expense 1,688 676 Mileage expense 614 677 Miscellaneous expenses 250 684 Repaire expense-Computer 795 901 Income summary 0 Totala $ 100,614 $ 100,614 Business Solutions had the following transactions and events in December 2021. December 2 Paid $935 cash to Killoide Mall for Business Solutions's share of mall advertising costs. December 3 Paid $430 cash for minor repairs to the company's computer. December 4 Received $4,350 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $100 per day. December 14 Notified by Alex's Engineering Company that business Solution's bid of $7,500 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. December 15 Purchased $1,300 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Gomes Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $5,975 cash. December 22-26 took the week off for the holidays. December 28 Received $3,700 cash from Gomex Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (600 miles at $0.30 per mile). December 31 Paid $1,400 cash for dividendo. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 Inventory count of computer supplies shows $610 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. C. As of December 31, Lyn Addie has not been paid for four days of work at $100 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. 1. Three of the four months prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-a. Prepare adjusting entries to reflect a through f. 2-b. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 3. Prepare an adjusted trial balance as of December 31, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Paid $935 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Paid $430 cash for minor repairs to the company's computer. Received $4,350 cash from Alex's Engineering Company for the receivable from November. Paid cash to Lyn Addie for six days of work at the rate of $100 per day. Notified by Alex's Engineering Company that Business Solutions's bid of $7,500 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. Note : - journal entry has been entered Purchased $1,300 of computer supplies on credit from Harris Office Products Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. Completed a project for Liu Corporation and received $5,975 cash. Received $3,700 cash from Gomez Company on its receivable. 10 Reimbursed S. Rey for business automobile mileage (600 miles at $0.30 per mile). 1 0 Reimbursed S. Rey for business automobile mileage (600 miles at $0.30 per mile). Paid $1,400 cash for dividends. 1 The December 31 inventory count of computer supplies shows $610 still available. Three months have expired since the 12-month insurance premium was paid in advance. As of December 31, Lyn Addie has not been paid for four days of work at $100 per day. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. 5 The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. 6 Three of the four months' prepaid rent have expired. 101: Cash 106: Accounts Receivable Date Debit Credit Balance Debit Credit December 01 December 02 December 03 Date December 01 December 04 December 28 Balance 13,218 8,868 5,168 935 430 4,350 3.700 4,350 600 December 04 December 10 December 14 December 20 December 28 December 29 December 31 1,700 5,975 3,700 38,764 37.829 37,399 41,749 41,149 42,849 48,824 52,524 52,344 50,944 + 180 1,400 126: Computer Supplies Dobit Credit 128: Prepaid Insurance Debit Credit Date December 01 December 15 December 31 Balanco 2,545 3,845 610 Dato December 01 December 31 Balance 2,100 1,575 1,300 525 3,235 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Balance Date Date December 01 December 31 Balance 8,500 December 01 3,240 810 2,430 167: Computer Equipment Debit Credit Balance 164: Accumulated Depreciation-Office Equipment Date Debit Credit Balance December 01 0 December 31 425 425 Date December 01 20,000 201: Accounts Payable Dobit Credit 168: Accumulated DepreciationComputer Equipment Dato Debit Credit Balance December 01 0 December 31 1,250 1,250 Dato December 01 Balance 0 1,300 December 15 1,300 210: Wages Payable Debit Credit Date December 01 December 31 Balance 0 400 236: Unearned Computer Services Revenue Date Debit Credit Balance December 01 0 December 14 1.700 1.700 400 307: Common Stock Debit Credit 318: Retained Earnings Debit Credit Date Balance Date December 01 Balance 71,000 0 December 01 December 31 319: Dividends Debit Credit 403: Computer Services Revenue Debit Credit Balance Date Date December 01 December 31 December 31 6,600 Balance 29,614 35,589 December 01 December 20 1.400 8,000 5,975 612: Depreciation Expense-Office Equipment Date Debit Credit Balance December 01 0 December 31 425 425 613: Depreciation Expense-Computer Equipment Date Debit Credit Balance December 01 0 December 31 1,250 1,250 623: Wages Expense Debit Credit Date 637: Insurance Expense Debit Credit Balance 2,300 December 01 Balance Date December 01 0 O December 01 December 10 December 31 December 31 600 2,300 2,900 3,300 December 01 December 31 525 525 400 640: Rent Expense Debit Credit 652: Computer Supplies Exponso Dobit Credit Balance Date Balance Dato December 01 December 31 0 0 2,430 December 01 December 31 2.430 3,235 3,235 655: Advertising Expense Debit Credit 676: Mileage Expense Debit Credit Dato December 01 December 02 Balance 1,688 2,623 Date December 01 December 29 Balance 614 794 935 180 677: Miscellaneous Expense Debit Credit Date December 01 Balance 250 684: Repairs Expense Computer Debit Credit Date December 01 December 03 Balance 795 1,225 430 BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2021 Account Title Debit Credit Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense--Computer Totals $ 0 $ 0 BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2021 Revenue Expenses Total expenses 0 $ 0 BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended December 31, 2021 Retained earnings, October 1, 2021 0 Retained earnings, December 31, 2021 $ 0 BUSINESS SOLUTIONS Balance Sheet December 31, 2021 Assets Current assets 0 Plant assets 0 0 0 0 Liabilities Liabilities 0 Equity Total equity Total Liabilities and Equity $ 0 $ 0 View transaction list X: Record the entry to close the revenue account(s). 2 Record the entry to close the expense account(s). 3 Record the entry to close the Income summary account. 4 Record the entry to close the dividends account. BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 Debit Credit Totals $ 0 $ 0