Prepare an adjusted trial balance as of December 31, 2018.

Prepare a post-closing trial balance as of December 31, 2018.

Prepare an unadjusted trail balance.

After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2018, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2018) follows. No. Credit 1e1 186 126 128 Debit $ 39,164 12,618 2.545 1,92 2.960 8. 160 131 $ 22,800 69,eee Account Title 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 Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 163 164 167 168 201 210 236 3e7 318 319 403 612 613 622 637 64e 652 655 676 677 684 6,100 33,99 @ 2,625 3 1,678 624 17e 795 $102,099 $102,699 Business Solutions had the following transactions and events in December 2018. Dec. 2 Paid $1,eee cash to Hillside Mall for Business Solutions' share of mall advertising costs. 3 Paid $430 cash for minor repairs to the company's computer. 4 Received $4,85e cash from Alex's Engineering Co. for the receivable from November. 19 Paid cash to Lyn Addie for six days of work at the rate of $115 per day. 14 Notified by Alex's Engineering Co. that Business Solutions' bid of $8,880 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. 15 Purchased $1,5ee of computer supplies on credit from Harris Office Products. 16 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $5,925 cash. 22- Took the week off for the holidays. 26 28 Received $3,600 cash from Gomez Co. on its receivable. 29 Reimbursed S. Rey for business automobile mileage (59 miles at $e.29 per nile). 31 The company paid $1,100 cash in dividends. 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 $620 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. CAs of December 31, Lyn Addie has not been paid for four days of work at $115 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 months' prepaid 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, 2018. 4. Prepare an Income statement for the three months ended December 31, 2018. 5. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018 7. Record and post the necessary closing entries as of December 31, 2018. 8. Prepare a post-closing trial balance as of December 31, 2018. Cash Accounts Receivable Debit Credit Debit Credit Date Dec 01 Dec 04 Dec. 28 Balance 12,618 8,588 4,988 1.000 430 4,050 3,600 O 4,050 Date Dec. 01 Dec 02 Dec. 03 Dec 04 Dec. 10 Dec. 14 Dec. 20 Dec. 28 Dec. 29 Dec. 31 800 OOOOOOOOO Balance 30,164 38,164 37.734 41,784 41,094 42.794 48,719 52.319 52,174 51,074 1.700 5.925 3.600 145 1.100 Computer Supplies Debit Credit Prepaid Insurance Debit Credit Date Dec 01 Dec. 15 Dec. 31 Balance 2.545 4,045 620 Date Dec 01 Dec 31 Balance 1,920 1,440 1,500 > 480 slo 3.425 Prepaid Rent Debit Credit Office Equipment Debit Credit Date Dec. 01 Dec. 31 Balance 2.980 740 Date Dec 01 Balance 8,100 o 2.220 Computer Equipment Debit Credit Accumulated DepreciationOffice Equipment Date Debit Credit Balance Dec 01 0 Dec. 31 405 405 Date Dec 01 Balance 22,800 o Accounts Payable Debit Credit Accumulated Depreciation-Computer Equipment Date Debit Credit Balance Dec. 01 0 Dec. 31 1.425 1.425 Date Dec. 01 Dec. 15 Balance 0 1,500 1.500 Wages Payable Debit Credit Unearned Computer Services Revenue Debit Credit Balance Date Dec 01 Dec. 31 Balance 0 Date Dec 01 Dec. 14 480 460 > 1,700 1.700 Common Stock Debit Credit Retained Earnings Debit Credit Date Dec 01 Balance 69,000 Date Dec 01 Balance 0 X X X x Dividends Debit Credit Computer Services Revenue Debit Credit Date Dec 01 Dec. 31 Balance 6.100 7,200 Date Dec 01 Dec. 20 1,100 5.925 Balance 33 099 39,024 39,024 39,024 X X Depreciation Expense-Office Equipment Date Debit Credit Balance Dec 01 0 Dec. 31 405 405 X x Depreciation Expense-Computer Equipment Date Debit Credit Balance Dec 01 0 Dec. 31 1.425 1,425 X O Wages Expense Debit Credit Insurance Expense Debit Credit Date Dec 01 Dec. 10 Dec. 31 Balance 2,625 3,315 3.775 3.775 Date Dec 01 Dec 31 Balance 0 480 690 480 480 X % X Rent Expense Debit Credit Computer Supplies Expense Debit Credit Date Dec. 01 Dec. 31 Balance 0 2.220 Date Dec 01 Dec. 31 Balance 0 3.425 2.220 3.425 X X X Advertising Expense Debit Credit Mileage Expense Debit Credit Date Dec 01 Dec. 02 Balance 1.678 2.678 Date Dec 01 Dec. 29 Balance 624 789 1.000 lol 145 X Miscellaneous Expense Debit Credit Repairs Expense-Computer Debit Credit Date Dec 01 Balance 170 Date Dec 01 Dec. 03 Balance 795 1.225 X lo 430 Income Summary Debit Credit Date Balance X X x