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	$	39,064
106	Accounts receivable		13,018
126	Computer supplies		2,645
128	Prepaid insurance		1,860
131	Prepaid rent		3,180
163	Office equipment		8,700
164	Accumulated depreciationOffice equipment				$	0
167	Computer equipment		20,400
168	Accumulated depreciationComputer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
307	Common stock					71,000
318	Retained earnings					0
319	Dividends		5,900
403	Computer services revenue					29,699
612	Depreciation expenseOffice equipment		0
613	Depreciation expenseComputer equipment		0
623	Wages expense		2,625
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,698
676	Mileage expense		664
677	Miscellaneous expenses		190
684	Repairs expenseComputer		755
	Totals	$	100,699		$	100,699

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 $480 cash for minor repairs to the companys computer.
	4		Received $4,350 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 $100 per day.
	14		Notified by Alexs Engineering Co. that Business Solutions bid of $7,300 on a proposed project has been accepted. Alexs paid a $2,200 cash advance to Business Solutions.
	15		Purchased $1,500 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 $5,675 cash.
	2226		Took the week off for the holidays.
	28		Received $4,000 cash from Gomez Co. on its receivable.
	29		Reimbursed S. Rey for business automobile mileage (500 miles at $0.31 per mile).
	31		The company paid $1,000 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 $600 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 $100 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 am struggling to fill out this piece of work... I am not sure about how to properly find and place the numbers in the correct areas.

Complete this question by entering your answers in the tabs below. 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 Balance 13,018 8,668 Date Dec. 01 Dec. 02 Dec. 03 Dec. 04 Dec. 10 Dec. 14 Date Dec. 01 Dec. 04 Dec. 28 | Balance 39,064 38,109 37,629 41,979 41,379 43,579 955 480 4,350 4,000 4,668 4,350 600 2,200 5,675 4,000 Dec. 20 Dec. 28 Dec. 29 Dec. 31 49,254 53,254 53,099 52,099 155 1,000 126: Computer Supplies Debit Credit 128: Prepaid Insurance Debit Credit Date Dec. 01 Dec. 15 Balance 2,645 4,145 Date Dec. 01 Balance 1,860 1,500 131: Prepaid Rent Debit Credit 163: Office Equipment Debit Credit Date Dec. 01 Balance 3,180 Date Dec. 01 Balance 8,700 164: Accumulated Depreciation-Office Equipment Date Debit Credit Balance Dec. 01 167: Computer Equipment Debit Credit Date Dec. 01 Balance 20,400 0 168: Accumulated Depreciation Computer Equipment Date Debit Credit Balance Dec. 01 201: Accounts Payable Debit Credit Balance Date Dec. 01 Dec. 15 1,500 1,500 210: Wages Payable Debit Credit Balance Date Dec. 01 236: Unearned Computer Services Revenue Date Debit Credit Balance Dec. 01 307: Common Stock Debit Credit 318: Retained Earnings Debit Credit Date Balance Balance 71,000 Dec. 01 Date Dec. 01 0 319: Dividends Debit Credit 403: Computer Services Revenue Debit Credit Date Dec. 01 Dec. 31 Balance 5,900 6,900 Date Dec. 01 Dec. 20 Balance 29,699 35,374 35,374 1,000 5,675 612: Depreciation Expense-Office Equipment Date Debit Credit Balance Dec. 01 613: Depreciation Expense-Computer Equipment Date Debit Credit Balance Dec. 01 623: Wages Expense Debit Credit 637: Insurance Expense Debit Credit Balance Date Dec. 01 Balance 2,625 Date Dec. 01 640: Rent Expense Debit Credit 652: Computer Supplies Expense Debit Credit Balance Balance Date Dec. 01 Date Dec. 01 655: Advertising Expense Debit Credit 676: Mileage Expense Debit Credit Date Dec. 01 Dec. 02 Balance 1,698 2,653 Date Dec. 01 Dec. 29 Balance 664 819 9 557 155 677: Miscellaneous Expense Debit Credit 684: Repairs Expense-Computer Debit Credit Date Dec. 01 Balance 190 Date Dec. 01 Dec. 03 Balance 755 1,235 480 901: Income Summary Debit Credit Date Balance Reg 2A Reg 3 >