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No. Account Title 101 Cash 106 Accounts receivable 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment Accounts payable 201 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue. 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals Debit $ 38,464 12,818 2,545 2,220 3,000 8,600 21,600 6,200 0 0 2,600 0 0 1,678 704 220 745 $101,394 SA Credit 0 0 0 67,000 0 34,394 $101,394 Business Solutions had the following transactions and events in December 2018. Dec. 2 Paid $978 cash to Hillside Mall for Business Solutions' share of mall advertising costs. 3 Paid $420 cash for minor repairs to the company's computer. 4 Received $3,950 cash from Alex's Engineering Co. for the receivable from November. 10 Paid cash to Lyn Addie for six days of work at the rate of $120 per day. 14 Notified by Alex's Engineering Co. that Business Solutions bid of $7,600 on a proposed project has been accepted. Alex's paid a $1,600 cash advance to Business Solutions. 15 Purchased $2,100 of computer supplies on credit from Harris Office Products. 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 $6,525 cash. 22- Took the week off for the holidays. 26 28 Received $3,800 cash from Gomez Co. on its receivable. 29 Reimbursed S. Rey for business automobile mileage (400 miles at $0.30 per mile). 31 The company paid $1,400 cash in dividends. The following adders 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 $590 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 $120 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. Required: 1. Prepare journal entries to record each of the December transactions and events for Business Solutions. 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, 2018. 4. Prepare an income statement for the three months ended December 31, 2018. 5. Prepare a statement of retained earnings for the three months ended December 31, 2018. 6. Prepare a balance sheet as of December 31, 2018. 7. Record and post the necessary closing entries as of December 31, 2018. 8. Prepare a post-closing trial balance as of December 31, 2018. Complete this question by entering your answers in the tabs below. View transaction ist Journal entry worksheet 1 2 3 4 5 6 7 8 11 Paid $970 cash to Hillside Mall for Business Solutions' share of mall advertising costs. Note: Enter debits before credits. Credit Date Debit General Journal Dec 02 Advertising expense Cash View general journal Record entry Clear entry Dok int rences Journal entry worksheet 2 3 4 5 6 7 8 Paid $420 cash for minor repairs to the company's computer. Note: Enter debits before credits. Date General Journal Debit Dec 03 Clear entry Record entry 11 Credit View general journal ts eBook Print eferences Journal entry worksheet 2 4 5 $ 6 7 8 11 Received $3,950 cash from Alex's Engineering Co. for the receivable from November. Note: Enter debits before credits. Date General Journal Debit Credit Dec 04 Clear entry View general journal Record entry -Book Print erences Journal entry worksheet Book Print 0 Terences Journal entry worksheet 1 2 3 4 5 7 8 11 Purchased $2,100 of computer supplies on credit from Harris Office Products. Note: Enter debits before credits. General Journal Debit Date Credit Dec 15 View general journal Clear entry Record entry T ok 1 nt 0 nces Journal entry worksheet 1 2 3 4 5 6 6 8 11 Sent a reminder to Gomez Co. to pay the fee for services recorded on November 8. Note: Enter debits before credits. General Journal Debit Date Dec 16 Clear entry Record entry Credit View general journal Book Print ferences Journal entry worksheet 1 2 3 4 5 6 7 Completed a project for Liu Corporation and received $6,525 cash. Note: Enter debits before credits. Date General Journal Debit Dec 20 Clear entry Record entry T 11 Credit View general journal > ces Journal entry worksheet Book rint rences Tist Journal entry worksheet 4 **** 5 6 7 8 9 10 11 Reimbursed S. Rey for business automobile mileage (400 miles at $0.30 per mile). Note: Enter debits before credits. Date General Journal Debit Credit Dec 29 View general journal Clear entry Record entry nts eBook Print References View transaction list Journal entry worksheet Reg 7 Debit Reg Credit Check my work