Serial Problem Business Solutions LO P1, P2, P3, P4, P5, P6

After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows.

No.	Account Title	Debit			Credit
101	Cash	$	38,464
106	Accounts receivable		12,718
126	Computer supplies		2,645
128	Prepaid insurance		1,980
131	Prepaid rent		3,100
163	Office equipment		8,300
164	Accumulated depreciationOffice equipment				$	0
167	Computer equipment		20,000
168	Accumulated depreciationComputer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
307	Common stock					67,000
318	Retained earnings					0
319	Dividends		5,600
403	Computer services revenue					31,529
612	Depreciation expenseOffice equipment		0
613	Depreciation expenseComputer equipment		0
623	Wages expense		2,425
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,718
676	Mileage expense		664
677	Miscellaneous expenses		190
684	Repairs expenseComputer		725
	Totals	$	98,529		$	98,529

Business Solutions had the following transactions and events in December 2019.

Dec.	2		Paid $955 cash to Hillside Mall for Business Solutions share of mall advertising costs.
	3		Paid $450 cash for minor repairs to the companys computer.
	4		Received $4,050 cash from Alexs Engineering Co. for the receivable from November.
	10		Paid cash to Lyn Addie for six days of work at the rate of $120 per day.
	14		Notified by Alexs Engineering Co. that Business Solutions bid of $7,400 on a proposed project has been accepted. Alexs paid a $1,800 cash advance to Business Solutions.
	15		Purchased $1,600 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 $5,775 cash.
	2226		Took the week off for the holidays.
	28		Received $3,800 cash from Gomez Co. on its receivable.
	29		Reimbursed S. Rey for business automobile mileage (500 miles at $0.30 per mile).
	31		The company paid $1,200 cash in dividends.

The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the companys first three months.

1. The December 31 inventory count of computer supplies shows $630 still available.
2. Three months have expired since the 12-month insurance premium was paid in advance.
3. As of December 31, Lyn Addie has not been paid for four days of work at $120 per day.
4. 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.

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, 2019. 4. Prepare an income statement for the three months ended December 31, 2019. 5. Prepare a statement of retained earnings for the three months ended December 31, 2019. 6. Prepare a balance sheet as of December 31, 2019. 7. Record and post the necessary closing entries as of December 31, 2019. 8. Prepare a post-closing trial balance as of December 31, 2019.

I have no idea how to fill out all of this and can't seem to find the proper numbers. Ayudame!

Req 1 Req 2A Req 2B Req3 Req 4 Req 5 Req 6 Req 7 Req 8 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger. 101: Cash Debit 106: Accounts Receivable Debit Credit Credit Date Dec. 01 Dec. 02 Dec. 03 Dec. 04 Dec. 10 Dec. 14 Date Dec. 01 Dec. 04 Dec. 28 9 Balance 38,464 37,509 37,059 41,109 40,389 42,189 Balance 12,718 8,668 4,868 55 450 4,050 3,800 4,050 720 1,800 5 ,775 3,800| Dec. 20 Dec. 28 Dec. 29 Dec. 31 47,964 51,764 51,614 50,414 150 1,200 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Dec. 01 Balance 1,980 Date Dec. 01 Dec. 15 Dec. 31 Balance 2,645 4.245 4,875 ,600 630 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Balance Date Balance 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Balance Date Dec. 01 Balance 3,100 Date Dec. 01 8,300 164: Accumulated Depreciation Office Equipment Date Debit Credit Balance Dec. 01 167: Computer Equipment Debit Credit Date Dec. 01 Balance 20,000 0 168: Accumulated Depreciation Computer Equipment Date Debit Credit Balance Dec. 01 201: Accounts Payable Debit Credit Balance Date Dec. 01 Dec. 15 1,600 1,600 210: Wages Payable Debit Credit Balance Date Dec. 01 236: Unearned Computer Services Revenue Date Debit Credit Balance Dec. 01 0 307: Common Stock Debit Credit 318: Retained Earnings Debit Credit Balance Date Dec. 01 Balance 67,000 Date Dec. 01 307: Common Stock Debit Credit 318: Retained Earnings Debit Credit Balance Date Dec. 01 Balance 67,000 Date Dec. 01 319: Dividends Debit Credit 403: Computer Services Revenue Debit Credit Date Dec. 01 Dec. 31 Balance 5,600 6,800 Date Dec. 01 Dec. 20 Balance 31,529 37,304 37,304 1 ,200 5 ,775 612: Depreciation Expense-Office Equipment Date Debit Credit Balance Dec. 01 613: Depreciation Expense-Computer Equipment Date Debit Credit Balance Dec. 01 0 623: Wages Expense Debit Credit 637: Insurance Expense Debit Credit Balance Date Dec. 01 Balance 2,425 Date Dec. 01 640: Rent Expense 652: Computer Supplies Expense Debit Credit Balance Balance Date Dec. 01 Date Dec. 01 0 655: Advertising Expense Debit Credit 676: Mileage Expense Debit Credit Date Dec. 01 Dec. 02 Balance 1,718 2,673 Date Dec. 01 Dec. 29 Dec. 29 Balance 664 8 14 9 55 150 677: Miscellaneous Expense Debit Credit 684: Repairs Expense-Computer Debit Credit Date Dec. 01 Balance 190 Date Dec. 01 Dec. 03 Balance 725 1,175 450 901: Income Summary Debit Credit Date Balance