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. Eunness sorutons nad the following transactions and events in December 2021. December. 3 Paid $450 cash for ninok repairn to tbe coepany' conputer. Business Solutions had the following transactions and events in December 2021. Decenber 2 Paid $1 , 020 cash to Hillaide Ma11 for Business Solutions's share of mall advertising costs. December 3 Paid $450 cash for minor repairs to the company's computer. Decenber 4 Received $4 , 250 cash froe Alex's Engineering Conpany for the receivable from November. December 10 raid eash to Lyn hadio for six days of work at the rate of $115 per day. December 14 Hotified by Alex' 13 Engineering Coapany that Business Solutiona'a bid of $7 , 100 on a proposed project has been accepted. Alex's paid a $1 , 600 cash advance to Business Solutions. December 15 Purchased $1 , 800 of conputer supplies on eredit from Harris office product. . December 16 Sent a reminder to comez Company to pay the fee for services recorded on Noveaber 8 . December 20 Completed a project for Liu Corporation and received $5 , 925 cash. Decenber 22-26 Took tae week off for the holidays. December 28 received $3 , 900 eanh from Gomez Company on its rece Lable. Decenber 29 Reimbursed S. Rey for business automobile mileage ( 500 miles at $0.23 per mile). Deceaber 31 paid $1 , 000 eash for dividends. 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 $670 still avallable. 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 $115 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 month' prepald rent have expired. Record the necessary closing entries as of December 31 , 2021. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. Journal entry worksheet