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Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. After the success of the company's
Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 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 $990 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $490 cash for minor repairs to the company's computer. December 4 Received $4,650 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 $105 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,800 on a proposed project has been accepted. Alex's paid a $1,500 cash advance to Business Solutions. December 15 Purchased $1,900 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $6,575 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 5. Rey for business automobile mileage (500 miles at $0.28 per mile). December 31 Paid $1,000 cash for dividends. The following additional facts are collected for use in making adiusting entries prior to preparing financlal statements for the Complete this question by entering your answers in the tabs below. Record the necessary closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance as of December 31, 2021
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