SP 2 Serial Problem Business Solutions (Static) LO A1, P1 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. October 1 s. Rey Inveated $45,000 eaeh, a 520,000 conputer system, and 58,000 of office equipment in the company in exehange for eormon stock. october 2 The conpany paid 93,300 caob for four monthn' rent, Wintr bebit prepaid rent for 53,300, oetober 3 the company parchased $1,420 of conputer iupplies on credit fron Harris oftice producta. Oetober 5 The eompany paid $2,220 canh for one year's prealum on a property and 1iabsility innurance policy. Hint, Debit prepaid insurance for $2,220. october 6 the company billed Eany teaning $4,000 tor services pertorsed in inetalling a nev wab aerver. ootober i the company paid 51,420 oasb tor the corputer aupplies purehased trom liarris orfice produets on oetober 3. oetober 10 the company hired Lyn Addie an a part-time aseintant. october 12 The company bilied Eacy Lensing abother $1,400 for aervieed pertorand. october is the company recelved o4, too eaoh from Eaey Leasing an partial payent on ita account. October 17 the company paid saos easb to repair eoeppoter equigeent that wai damaged vhen moving it. october 20 the conpany paid $1,728 easb tor advertinenenta. october 22 the company received 61,400 eash from tany Leauing on its account, ootober 23 the eompany bilind iny cospany $5,200 foz services performed. oetober is The company paid so7s cash tor lyn Addie' i vages tor aeven days' vork. aotober 31 the company paid a $3,600 eash alvidend. November I the company paid 5320 cash for alleage expenses. Hoveaber 2 . the company recelved 94,633 cesh fron Litu corporation for computer arvicen pertocned. Kovenber 5 the company purehaed computar nupplieo tor 51,125 canh from larris oftice Froduct. Novenber the eompany biliod Geoek conpany is, 66e tor serviees performed. Novenber 13 the compeny agreed to perforn future aervicen for Alex'n Enplneering coinpasy. Ho vork has yet been. performed. ovember 13 The conpany agreed to perform future services for Alex's Engineering Company. No work has yet been performed. The company received $2,208 cash from IFM Company as partial payment of the october 28 bil1. ovember 22 The company paid $250 cash for miscellaneous expenses. Hint: pebit Mibcellaneous Expenses for $250. Toveaber 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Cospany. November 25 The company sent another bill to IFM Company for the past-due amount of $3,000. November 28 The company paid $384 cash for mileage expenses. November 30 The company paid $1,750 cash for Iyn Addie's wages for 14 days' work. November 30 the company paid a $2,000 cash dividend. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions: 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the above transactions for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 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. Note: Enter debits before credits