SP 3 Serlal Problem Buslness Solutions (Algo) LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30 , 2021. unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021 follows. Business Solutions had the following transactions and events in December 2021. Decenber 2 Paid sege cash to Hillside Mall for Business solutions's share of mall advertising costs. December 3 Paid $490 cash for minor repairs to the ompany's computer. December 4 Received $4,750 cash from Alex's Engineering company for the receivable from November. December 19 Paid cash to Lyn Addie for six days of work at the rate of \$10e per day. Decenber 14 Notified by Alex's Engineering Company that Business solutions's bid of $7,490 on a proposed project has been accepted. Alex's paid a $2,36e cash advance to Business solutions. December 15 Purchased $1,25e of computer supplies on credit from Hais Office Products. December 16 sent a reminder to Gomez company to pay the fee for services recorded on November 8. December 29 completed a project for Liu corporation and received $5,725 cash. Decenber 22-26 Took the week off for the holidays. December 28 Received $3,60 es cash from Gomez Company on its receivable. Decenber 29 Reimbursed 5. Rey for business autombile mileaze (409 miles at $9.31 per mile). December 31 5. Rey withdrev $1,400 cash from the company for personal use. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of computer supplies shows $640 still available. b. Three months have expired since the 12-month insurance premium was paid in advance. c. As of December 31. Lyn Addie has not been paid for four days of work at $100 per day. d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. 1. Three of the four months' prepaid rent have expired. Recqulrec:: 1. Prepare journal entries to record each of the December transactions and event s for Business Solutions. 2a. Prepare adjusting entries to reflect athrough f 2b. 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, 2021. Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no required for a transaction/event, select "No journal entry required" in the first account field. ) Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events for Business solutions. (If no entry is required for a transaction/event, select "Mo journal entry required" in the first account field.) Journal entry worksheet \begin{tabular}{ccccccc|} 4 & 5 & 6 & 7 & 8 & & 11 \end{tabular} Nale: Enlel debiz befaie ceaiz. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events 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 Nale: Enler debizs defare creais. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "Mo journal entry required" in the first account field. ) Journal entry worksheet 67811 Nale: Enler debils belare creais. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is required for a transaction/event, select "Mo journal entry required" in the first account field.) Journal entry worksheet Nale: Enlel debis belare cieais. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions and events 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 1234 Purchased $1,200 of computer supplies on credit from Harris office Products. Nale: Enlel debis belare creais. repare journal entries to record each of the December transactions and events for Business Solutions. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet
