whatever is green should be correct but check please, and red wrong. Please fill in the rest of the information and fix whatever has to be fixed please. The last person on here messed up the whole question. Thanks.

2 80 points O 0 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. No. Account Title Debit Credit 101 Cash $ 38,964 106 Accounts receivable 13,510 126 Combater supplies 2,545 128 Prepaid in urance 1.920 131 Prepaid rent 3.200 163 office equipment 8,400 164 Accumulated depreciation office equipment 167 Computer equipment 21,200 168 Accumulated depreciation Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 0 301 S. Rey, Capital 67,000 302 8. Rey, withdrawala 6.500 403 Computer services revenue 35,074 612 Depreciation expenue-ottico equipment 0 613 Depreciation expense-computer equipment 0 623 Wages expense 2,600 637 Insurance expense 0 640 Rent expense 0 Computer supplies expense 655 Advertising expense 1,638 676 Mileage expense 614 677 Miscellaneous expenses 180 684 Repaire expense-Computer 795 Totale $102,074 $102,074 0 652 0 ME Gram HIN Check my werk 2 Totals $102,074 $102,074 BO Business Solutions had the following transactions and events in December 2019, Dec 2 Paid $1,025 cash to illa de Mall for Business Solutions share at all verting costa > Paid $110cnoh for minor repair to the company's computer 4 Heived 4,050 cash from Alex Engineering Co. for the receivable tron November 10 wid cash to Lya Addie for six days of work at the rate of $110 per day. 14 More Mennings that one solution of $7.100 on proposed project has been 15 PRO 1.colt computer supplies on credit from HARVIS Office Products 16 treninder to come co to pay the fee for services Recorded on November I. 20 Completed project for Le Corporation and received 5,075 cash 23 took the week ort for the holidays 26 20 Meceived $), 100 cash from one coon its receivable. 29 Reused 3. Rey for business automobile mileage (400 miles at 80.24 per mile) 31. Roy withdrew $1,100 cash 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 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 $110 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. BO points 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 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, 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 6. Prepare a balance sheet as of December 31, 2019 book 2 6 Dec 15 Computer supplies Accounts payable 1,600 0 1,600 B Dec 20 5,875 80 points Cash Computer services revenue O 5,875 9 Dec 28 3,700 Cash Accounts receivable 3.700 10 Dec 29 O 96 Mileage expense Cash 96 11 Dec 31 1,100 S. Rey, Withdrawals Cash 1,100 Req2A 2 Req 1 Reg 2A Reg 28 Reg 3 Reg 4 Reg 5 Req 6 Prepare adjusting entries to reflect a through f. 0 cints Transaction General Journal No 1 Debit Credit a Insurance expense Prepaid insurance 3 480 480 X 2 b. Wages expense Wages payable 4403 * 440 3 Depreciation expense Computer equipment Accumulated depreciation Office equipment 420 420 d. Rent expense 2.400 3 Prepaid rent EX X 2.400 5 Depreciation expense Ollice equipment Accumulated depreciation - Computer equipment 1,325 X 1.3253 Return to question 2 Reg 1 Rea ZA Reg 28 Reg 3 Reg 4 Reqs Reg 6 Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger 80 points Cash Accounts Receivable Debit Credit Debit Credit Balance Date Deco Balance 13,518 17,560 21.268 1,0253 Dec. 04 Doc. 20 Oo 4,050 3.700 480 Date Dec 01 Dec 02 Dec 03 Dec 04 Del 10 Dec 14 Dec. 20 Dec 28 De 20 Dec 31 4,050 600 OOOOOOOOO 38.964 39.989 40.400 44,519 45,179 47.270 53,154 56,054 56,950 2,100 5.875 3.700 1.100 58,050 Computer Supplies Debit Great Prepainsurance Debit Date Balance 2 Computer Supplies Debit Credit Prepaid Insurance Debit Credit 10 oints Dato Dec, 01 Dec. 15 Dec. 31 Date Dec 01 Balance 2.545 4,145 590 Balance 1,920 1.600 Blo 3.555 Prepaid Rent Dabit Credit Office Equipment Debit Credit Date Dato Dec 01 Balance 3,200 Balance 8,400 Dec 01 Accumulated Depreciation--Office Equipment Date Debit Credit Balance Dec 01 0 Computer Equipment Debit Credit Date Dec 01 Balance 21,200 Accumulated Depreciation Computer Equipment Date Debit Credit Balance Dec. 01 0 Accounts Payable Debit Credit Balance Date Dec. 01 Dec. 15 0 1,600 1,600 Wages Payable Debit Credit Date Dec. 01 Balance 0 Unearned Computer Services Revenue Debit Credit Balance Date Dec 01 Dec. 14 0 2.100 2.100 S. Rey, Capital Debit Credit Date Dec. 01 S. Rey, Withdrawals Debit Credit Balance 67.000 Date Dec 01 Balance 6,500 7,600 Dec 31 > 1,100 Computer Services Revenue Debit Credit Depreciation Expense-Office Equipment Dato Debit Credit Balance Doc. 01 Date Balance Dec. 01 Dec. 20 35,074 40,949 > 5,875 1 Depreciation Expense Computer Equipment Date Debit Credit Balance Dec. 01 0 Wages Expense Debit Credit Date Dec, 01 Dec. 10 Dec. 31 Balance 2,600 3,260 3,700 660 440 Insurance Expense Dobit Credit Rent Expense Debit Credit Balance Date Balance Date Dec 01 0 Dec, 01 0 Computer Supplies Expense Debit Credit Advertising Expense Debit Credit Dato Deo. 01 Balance 0 Date Dec. 01 Dec 02 Balance 1,638 2,663 1.025 Mileage Expense Debit Credit Miscellaneous Expenses Debit Credit Date Dec 01 Dec. 29 + Date Dec 01 Balance 614 Balance 180 96 710 Repairs Expense - Computer Debit Credit Date Dec, 01 Dec. 03 Balance 795 1.275 480 2 Reg 1 Reg 2A Reg 28 Reg 3 Reg 4 Reg 5 Reg 6 ints Prepare an adjusted trial balance as of December 31, 2019. BUSINESS SOLUTIONS Adjusted Trial Balance December 31, 2019 Account Title Credit Cash Accounts receivable Debit 51,328 5,768 590 1,440 800 8,400 Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable 420 21,200 1,325 1,600 2 1,600 440 80 2,100 67,000 points Accounts payable Wages payable Uneamed computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense 7,600 40,949 420 1,325 3,700 Insurance expense 480 2.400 3,555 2.663 Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 710 180 1,275 Totals 113,834 S 113,834 2 Prepare an income statement for the three months ended December 31, 2019. BUSINESS SOLUTIONS Income Statement its $ 40,949 For Three Months Ended December 31, 2019 Revenue Computer services revenue Expenses $ Depreciation expense Office equipment 420 Depreciation expense-Computer equipment 1,325 Wages expense 3,700 Insurance expense 480 Rent expense 2,400 Computer supplies expense 3,555 Advertising expense 2,663 710 Mileage expense Miscellaneous expenses 180 Repairs expense Computer 1,275 Total expenses 16,708 $ 40,949 Income Statement For Three Months Ended December 31, 2019 Revenue Computer services revenue Expenses Depreciation expense-Office equipment 420 Depreciation expense-Computer equipment 1,325 Wages expense 3,700 Insurance expense 480 Rent expense 2,400 Computer supplies expense 3,555 Advertising expense 2,663 Mileage expense 710 180 Miscellaneous expenses Repairs expense Computer 1,275 Total expenses 16,708 24.241 S Net income uuuuu... Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Req3 Reg 4 Rea 1 Reg 6 Prepare a statement of owner's equity for the three months ended December 31, 2019. BUSINESS SOLUTIONS Statement of Owner's Equity For Three Months Ended December 31, 2019 S. Rey, Capital, October 1, 2019 0 S. Roy, Capital, December 31, 2019 $ 0 2 Reg 1 Reg 2A Reg 28 Reg 3 Reg 4 Reg 5 Reg 6 Prepare a balance sheet as of December 31, 2019. 80 points BUSINESS SOLUTIONS Balance Sheet December 31, 2019 Is Assets Cash Accounts receivable Computer supplies Prepold Insurance Prepaid on 51,328 5,768 ooOOO > OO 500 1.440 800 7.980 8,400 420 21.200 1.325 Accumulated depreciation Office equipment Computer supplies Accumulated depreciation Computer equipment Total assets Liabilities Accounts payable oO 19,875 87,781 1,000 2 $ Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent 51,328 5,768 590 1,440 800 80 points 8,400 420 7,980 Accumulated depreciation Office equipment Computer supplies Accumulated depreciation Computer equipment >>>> x 21,200 1,325 19,875 Total assets 87,781 Liabilities Accounts payable Wages payable Unearned computer services revenue 1,600 440 > 2,100 Total liabilities 4,140 Equity S. Rey, Capital Total liabilities and equity 83,641 87,781