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 $600 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 $105 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. t. Three of the four months' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 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, 2021. 4. Prepare an income statement for the three months ended December 31, 2021. 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021, Sumber 101 Cash 106 Accounts receivable 126 Computer supplies Prepaid insurance Prepaid rent office equipment Account Title 228 131 163 164 Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Nages payable 167 168 201 210 236 Unearned computer services revenue 307 Common stock 318 319 403 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Nages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense Hileage expense 676 677 Miscellaneous expenses 604 901 Retained earnings Dividends Computer services revenue Repaire expense-Computer Income summary Totals Debit $ 38,964 13,218 2,545 1,980 3,280 0,700 20,000 5,700 0 0 2,525 0 0 0 1,639 694 100 805 Credit 0 70,000 0 31,029 $ 101,029 $ 101,029 Business Solutions had the following transactions and events in December 2021. December 2 Paid $1,015 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $440 cash for minor repairs to the company's computer. December 4 Received $4,050 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addle for six days of work at the rate of $105 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,000 on a proposed project has been accepted. Alex's paid a $1,800 cash advance to Business Solutions. December 15 Purchased $1,600 of computer supplies on credit from Harris Office Products. December 16 Sent a reminder to Conez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $5,975 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,300 cash from Gomes Company on its receivable.. December 29 Reimbursed S. Rey for business automobile mileage (500 miles at $0.30 per mile). December 31 Paid $1,300 cash for dividende. 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 $600 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 $105 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. f. Three of the four months' prepaid rent have expired.