SP $2$ On October $1,2021,$ Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows.

$\backslash$table$[[$Account$,$No$.],[$Cash$,101],[$Accounts Receivable,$106],[$Computer Supplies,$126],[$Prepaid Insurance,$128],[$Prepaid Rent,$131],[$Office Equipment,$163],[$Computer Equipment,$167],[$Accounts Payable,$201],[$Common stock,$307],[$Dividends$,319],[$Computer Services Revenue,$403],[$Wages Expense,$623],[$Advertising Expense,$655],[$Mileage Expense,$676],[$Miscellaneous Expenses,$677],[$Repairs Expense$-$Computer,$684]]$

Prepare journal entries to record each of the following transactions for Business Solutions.

Oct. $1$ S$.$ Rey invested $$45,000$ cash, a $$20,000$ computer system, and $$8,000$ of office equipment in the company in exchange for common stock.

$2$ The company paid $$3,300$ cash for four months' rent. Hint: Debit Prepaid Rent for $$3,300.$

$3$ The company purchased $$1,420$ of computer supplies on credit from Harris Office Products.

$5$ The company paid $$2,220$ cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $$2,220.$

$6$ The company billed Easy Leasing $$4,800$ for services performed in installing a new web server.

$8$ The company paid $$1,420$ cash for the computer supplies purchased from Harris Office Products on October $3.$

$10$ The company hired Lyn Addie as a part$-$time assistant.

$12$ The company billed Easy Leasing another $$1,400$ for services performed.

$15$ The company received $$4,800$ cash from Easy Leasing as partial payment on its account.

$17$ The company paid $$805$ cash to repair computer equipment that was damaged when moving it$.$

$20$ The company paid $$1,728$ cash for advertisements.

$22$ The company received $$1,400$ cash from Easy Leasing on its account.

$28$ The company billed IFM Company $$5,208$ for services performed.

$31$ The company paid $$875$ cash for Lyn Addie's wages for seven days' work.

$31$ The company paid a $$3,600$ cash dividend.

Nov. $1$ The company paid $$320$ cash for mileage expenses.

$2$ The company received $$4,633$ cash from Liu Corporation for computer services performed.

$5$ The company purchased computer supplies for $$1,125$ cash from Harris Office Products.

$8$ The company billed Gomez Co$.$ $$5,668$ for services performed.

$13$ The company agreed to perform future services for Alex's Engineering Co$.$ No work has yet been performed.

$18$ The comnanv received $$2\mathrm{.}208$ cash from IFM Comnanv as nartial navment of the October $28$ bill.

Nov. $1$ The company paid $$320$ cash for mileage expenses.

$2$ The company received $$4,633$ cash from Liu Corporation for computer services performed.

$5$ The company purchased computer supplies for $$1,125$ cash from Harris Office Products.

$8$ The company billed Gomez Co$.$ $$5,668$ for services performed.

$13$ The company agreed to perform future services for Alex's Engineering Co$.$ No work has yet been performed.

$18$ The company received $$2,208$ cash from IFM Company as partial payment of the October $28$ bill.

$22$ The company paid $$250$ cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $$250.$

$24$ The company completed work and sent a bill for $$3,950$ to Alex's Engineering Co$.$

$25$ The company sent another bill to IFM Company for the past$-$due amount of $$3,000.$

$28$ The company paid $$384$ cash for mileage expenses.

$30$ The company paid $$1,750$ cash for Lyn Addie's wages for $14$ days' work.

$30$ The company paid a $$2,000$ cash dividend.

$2.$ Open ledger accounts $($in balance column format$)$ and post the journal entries from part $1$ to them.

Page $81$

$(3)$ Trial bal. totals, $$98,659$

$3.$ Prepare a trial balance as of the end of November.