Using the following information create

1. General Journal Entries

2. Post Transactions to General Ledger (for each No. ex 101, 677, 684 etc.)

3. Adjusted Trial Balance

4. Income Statement

5. Statement of Retained Earnings

6. Balance Sheet

7. Closing Entries

8. Post Closing Trial Balance

3 15 On October 1, 2019, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019. After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2019, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2019) follows. Business Solutions had the following transactions and events in December 2019. No. Account Title Debit Credit 101 Cash $ 38,764 Dec 2 Paid $935 cash to Hillside Mall for Business Solutions' share of mall advertising costs 106 Accounts receivable Paid $430 cash for minor repairs to the company's computer. 13,418 4 Received $4,850 cash from Alex's Engineering Co. for the receivable from November 126 Computer supplies 2,545 10 Paid cash to Lyn Addie for six days of work at the rate of $120 per day. 14 128 Prepaid insurance 1,920 Notified by Alex's Engineering Co. that Business Solutions' bid of $7.700 on a proposed project has been accepted. Alex's paid a $1,600 cash advance to Business Solutions 131 Prepaid rent 3,140 Purchased $1,300 of computer supplies on credit from Harris Office Products 163 Office equipment 8,100 16 Sent a reminder to Gomez Co to pay the fee for services recorded on November 8. 20 Completed a project for Liu Corporation and received $6,075 cash. 164 Accumulated depreciation-Office equipment $ 0 22-26 Took the week off for the holidays. 167 Computer equipment 23,200 28 Received $3,400 cash from Gomez Co. on its receivable. 29 168 Accumulated depreciation-Computer equipment Reimbursed S. Rey for business automobile mileage (600 miles at $0.23 per mile). 0 31 The company paid $1,000 cash in dividends. 201 Accounts payable 0 210 Wages payable 0 236 Unearned computer services revenue 0 The following additional facts are collected for use in making adjusting entries prior to preparing 307 Common stock 64,000 financial statements for the company's first three months. 318 Retained earnings 0 319 Dividends 6,100 403 Computer services revenue 39,129 a. The December 31 inventory count of computer supplies shows $650 still available. 612 Depreciation expense-Office equipment 0 b. Three months have expired since the 12-month insurance premium was paid in advance. 613 Depreciation expense-Computer equipment C. As of December 31, Lyn Addie has not been paid for four days of work at $120 per day. 0 623 Wages expense 2,625 d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value. 637 Insurance expense 0 e. The office equipment, acquired on October 1, is expected to have a five-year life with no 640 Rent expense 0 salvage value 652 Computer supplies expense 0 f. Three of the four months' prepaid rent have expired. 655 Advertising expense 1,648 676 Mileage expense 704 677 Miscellaneous expenses 200 684 Repairs expense-Computer 765 Totals $103,129 $103,129