Serial Problem Business Solutions 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, 2017 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2017 follows Book 106 Debit $38.864 12, 718 2.645 2.040 2.940 9,400 164 20, 80D Account Title 201 Caah Accounts receivable 126 Computer supplies Prepaid insurance 131 Prepaid rent 163 Office equipment Accumulated depreciation office equipment 167 Computer equipment 16e Accumulated depreciation Computer equipment 202 Accounts payable 210 Wages payable Unearned computer services revenue 307 Common stock Retained earnings 319 Dividende 403 Computer services revenue Depreciation expense-orfice equ 613 Depreciation expense-Computer 623 Wages expenses Insurance expense Rent expense computer supplies expense Advertising expense leage expense Miestnaneous expenses Batara expenses OOOOOO $ 99,889 $99.889 usiness Solutions had the following transactions and events in December 2017 2 Paid $965 cash to inside Moll for Business Solutionat share of mall advertising costs. Paid $470 cash for minor repairs to the company's computer. Received $4,350 cash from Mex's Engineering Co. for the receivable from November 10 Paid cash to Lyn Addie for six days of work at the rate of $105 per day. 17 Notified by Alex's Engineering Co. that Business Solutions bid of 67,400 on a proposed project has been accepted. Alex's paid $1,600 cash advance to Business Solutions 15 Purchased $1,500 of computer supplies on credit from Harris Office Products 16 Sent a reminder to Gomez col to pay the fee for service recorded on November 8. 20. Completed project on 1 Corporation and received $6.175 -26 Took the week off for the holidays. THA T 23 Received $3,900 cash rom Gomez colon recevable 29 Reimbursed s. Rey for business wutomobile alleage 600 miles d 9032 per mile) 1 The company paid $1.500 cash in dividends TITLE The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. b. The December 31 inventory count of computer supplies shows $630 stil available b. Three months have expired since the 12 month insurance premium wos paid wadvance c. As of December 31 Lyn Addie has not been paid for four days of work at $105 per day d. The computer system, acquired on October is expected to have a four-year we with no salvage value The office equipment, acquired on October is expected to have lived with no salvage value 4. Three of the four months prepaid rent has expired to record each of the Deciberrahisations and events for Business Solutions WIMMINENT 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 $630 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 $105 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 has 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, 2017 4. Prepare an income statement for the three months ended December 31, 2017 5. Prepare a statement of retained earnings for the three months ended December 31, 2017 6. Prepare a balance sheet as of December 31, 2017 7. Record and post the necessary closing entries as of December 31, 2017 8. Prepare a post-closing trial balance as of December 31, 2017 Complete this question by entering your answers in the tabs below. Req 4 Reg 7 Reg 8 Reg 2 Reg 5 Reg 6 Reg 28 Reg 1 Req3 Prepare an adjusted trial balance as of December 31, 2017