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TOE After the success of the company's first two months Santana Per continues to operate Business Solutions. The November 30, 2019 une justed trial balance

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TOE After the success of the company's first two months Santana Per continues to operate Business Solutions. The November 30, 2019 une justed trial balance of Pune Solutions reflecting ita transactions for October and November of 2019 follows CC 11.04 136 11. Computer wupplies 3,543 13 7,220 President 163 3.100 16 Acte depreciatim orice 8.000 5 . 20.00 multe depreciation Computer equipment 201 accounts who og here computer services 31 5. Rev. Capital 73, Rey, withdrawal 40 5.600 Computer services revenue 612 Depreciation office equipment 31.450 Depreciation resepte went 23 Wages En espere pene 2,625 Hent se Computer les expense Advertising 1.70 Mileage 704 OY Miscellaneous expenses st 250 Repairs expense-Computer Total $ 98,650 $98,655 a Business Solutions had the following transactions and events in December 2019 Der Mid 51,00 cash to ideal for Business Solutions share of mall wvertising costs 2 Paid 500 cash for winor repairs to the company's computer 4 Received 33,958 cash from Alet Engineering Col for the receivable from November 10 Pidath to Lyn Atle for six days of work at the rate of 5175 per 14 Notified by Alex's Engineering the solutions bid $7.000. red peodect has been used. Alexis paid $1,500 can advance to business Solutions 15 Purchased 11,100 of computer supplies on credit from rrisori Product 16 Sent reminder to Go Go to pay the fee for succes recorded 20 Completed project for La Corporatieved 3.05 22-26 Teck the off for the holidays 28 Received 53,000 cash from Goots receivable 2 cimborsel S. Ny for business automobile lege (600 miles at 10.22 ile) 115. ley withdrew 19.500 ch from the company for personale The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. The December 31 inventory count of computer supplies shows 5580 still available b. Three months have expired since the 12-month insurance premium was paid in advance 5. As of December 31 Lyn Addie has not been paid for four days of work at $125 per day d. The computer system, acquired on October 1 is expected to have a four yearfe 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 Required 1. Prepare journal entries to record each of the December transactions and events for Business Solutions 2. Prepare adjusting entries to reflect through 2.b. Post the journal entries to record each of the December transactions adjusting entnes to the accounts in the ledger 3. Prepare an adjusted trial balance as of December 31, 2019 4. Prepare an income statement for the three months ended December 31, 2019 5. Prepare a statement of owner's equity for the three months ended December 31, 2019. 0. Prepare balance sheet as of December 31 2019 Complete this question by entering your answers in the tabe below.

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