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PLEASE PLEASE HELP Required: 1) Prepare journal entries to record each of the December transactions and events for Business Solutions. 2a) Prepare adjusting entries to

PLEASE PLEASE HELP

Required:

1) Prepare journal entries to record each of the December transactions and events for Business Solutions.

2a) Prepare adjusting entries to reflect a through f.

2b) 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.

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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. Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Decenber 3 Paid $500 cash for minor repairs to the company's conputer. Decenber 4 Received $3,950 cash from Alex's Engineering Company for the receivable from Novenber. Deceaber 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7, eee on a proposed project ha been accepted. Alex's paid a $1,500 cash advance to Business Solutions. Decenber 15 Purchased \$1, 100 of computer supplies on credit from Harris office Products. December 16 Sent a reminder to Gonez Company to pay the fee for services recorded on Novenber 8. December 20 Completed a project for Liu Corporation and received $5,625 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,000 cash from Gomez Company on its receivable. December 29 Reimbursed $. Rey for business automobile nileage ( 600 miles at $0,32 per mile). Decenber 31 S. Rey withdrew $1,500 cash from the company for personal use. 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 $580 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 $125 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. f. Three of the four month's prepald rent have expired. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 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. Prepare journal entries to record each of the December transactions and events for Business Solutions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Paid $1,025 cash to Hillside Mall for Business Solutions's share of mall advertising costs. Note: Enter debits before credits. Prepare adjusting entries to reflect a through f. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 456 The December 31 inventory count of computer supplies shows $580 still avallable. Note: Enter debits before credits. ost the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 131: Prepaid Rent } & \multicolumn{4}{|c|}{ 163: Office Equipment } \\ \hline Date & Debit & Credit & Balance & Date & Debit & \multirow[t]{2}{*}{ Credit } & Balance \\ \hline \multirow[t]{3}{*}{ December 01} & & & 3,300 & \multirow[t]{3}{*}{ December 01} & +2 & & \multirow[t]{2}{*}{8,000} \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline 164:A & ted Depre & -Otrice & ment & & 67: Compu & & \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline December 01 & & & 0 & December 01 & & & 20,000 \\ \hline & & & : & & & & . \\ \hline & & & & & & & \\ \hline & d Depreci & -Compute & ipment & & 201: Acco & ayable & \\ \hline Date & Debit & Credit & Balance & Date & Debil & Credit & Balance \\ \hline December 01 & & & 0 & December 01 & & & 0 \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & 210: Was & yable & & & med Com & fervices R & \\ \hline Dato & Debit & Credit & Balance & Dato & Debit & Credit & Balance \\ \hline December 01 & & & 0 & December 01 & & & 0 \\ \hline & & & & & & & \\ \hline & & & . & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 301: S. Rey, Capital } \\ \hline Date & Dobit & Credit & Balance \\ \hline December 01 & & & 73,000 \\ \hline & & & \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ 403: Computer Services Rovenue } \\ \hline Date & Debit & Crodit & Balance \\ \hline December 01 & & & 25,659 \\ \hline & & & \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ 613: Depreciation Expense-Computer Equipment } \\ \hline Date & Debit & Credit & Balance \\ \hline December 01 & & & 0 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ 637: Insurance Expense } \\ \hline Date & Dobit & Credit & Balance \\ \hline \multirow[t]{3}{*}{ December 01} & & & 0 \\ \hline & & + & \\ \hline & & & . \\ \hline \end{tabular} Prepare an adjusted trial balance as of December 31, 2021

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