SP 3 Serlal Problem Business Solutlons (Algo) LO P1, P2, P3, P4, P5 After the success of the compsny's first two montha, Ssntsns Rey continues to operete Business Salutons. The November 30, 2021 unsdjusted triol bsiance of Bualnes: Solutions (reflecting tis tronasctions for Oetober and November of 2027) follows. Business Salutians hod the following tronssctions snd events in December 2021. Docomber 3 paid $418 cash for minor rvpalis to the company"s conperter. Docerber 18 paid cash to Lyn addie for six days of work at the rate of \$11a per day. accoptod. Alex"s paid a $2, ace cash advarce to Buslonss Solutions. Docerber 15 hurchasod $1,260 of coeputer supplies on crodit fron Harris office Products. Docerber 28 Completed a project for tie Corporation and received $6,325cash. Decenter 2226 Took the wok off for the halldays. Decerber 31 paid $1,480 cash for dividinds. The follawing soditionsl facts sre colected for use in mobing sdjuating entries prior to preporing finsncisl statements for the compony's first three montha. B. The December 31 inventary count of computer supplies shows $590 stll svolsble. b. Three months have explred since the 12 -month insursnce premlum wos poid in sdvance. C. As of December 31, Lyn Addie hos not been poid for four doys of work at $110 per doy. d. The computer system, scquired on Oetober t, is expected to hoves souryeser life with no salvoge vslue. e. The office equlpment, scquired on October 1 , is expected to have s five-year life whth no salvage volue. f Thres of the four monthe' prepoid rent hove explred. Required: 1. Prepore jaumsl entries to record esch of the December transactians. Past those entries to the sccounts In the ledger 2-a. Prepsis sdjusting entries to reflect s through f. 2-b. Post the joumsi entries to record esch of the December trenssctions, sdjusting entries to the sccounts in the ledger. 3. Prepsre sn soljusted trisl bolance ss of December 31, 2021. 4. Prepsre on income statement for the three manths ended December 31, 202l 5. Prepses a ststement of retsined esmings for the three months ended December 31, 2021. 7. Record the necesary eloaing entries ss of December 31,2021. 8. Prepore a post-eloaing trial bolance ss of December 31, 202l BU SINES \& BCLUTION 8 Adjuctad Trial Balanoa Deosmber \$1, 2021 Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits