After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30.202 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021. December 2 Paid \$965 eash to H11lside Mall for Busthess Solutions's share of mall advertising costs, Decenber 3 Pold \$470 cash for einor repairs to the company's computer. December 4 Received $4,650 cash from Alex's Engineering Company for the recelvable from Maveinber. December 10 Paid cash to tyn Addie for six days of work at the rate of $125 per day. Decenber 15 purchased $1,700 of computer upplile an ence to business solutions: December 16 Sent a reeinder to Gomez Company to pay credit fron Harris office Products. Decenber 20 Completed a project for Liu Corporat pay the fee for services recorded on November B. December 2226 Took the neek off for the holidays. Decenber 28 Recelved $3,990 cash from Gomez Company on Its recelvable: December 29 Reimbursed S. Rey for business automobile nileage (60a wiles at 50.26 per milie). Decenber 11 Paid $1,100 cash for dividends. Business Solutions had the following transactions and events in December 2021 , December 2 Poid $965 cash to Hillside Mall for Business 50 lutions's share of mall advertising costs. December 3 paid $470 cash for minor repairs to the company's computer. December \$ Recetved $4,650 cash from Alex"s Engineering Compang for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per doy. Decenber 14 Notified by Alex's Engineering Company that Business solutions"s bid of $7,600 on a proposed project has be accepted. Alex's paid a $1,700 cash advance to Business Solutions. December 15 Purchased $11700 of computer supplies on credit from Harris office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $6,175 cash. Decenber 2226 Took the week off for the holidays. December 28 Received $3,900 cash from Gomez Company on its receivable. December 29 Reimbursed 5 . Rey for business automobile mileage ( 690 miles at $0.26 per itile). December 31 paid $1,100 cash 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 $610 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 pald for four days of work at $125 pet 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 ho salvage value. f. Three of the four month' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions, Post those entries to the accounts in the ledger 2-0. Prepare adjusting entries to reflect a through f. 2-b. Post the joumal 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, 2021 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021 8. Prepare a post-closing trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-o. 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 31,2021 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare a classified balance sheet as of December 31,2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31,2021 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Journal entry worksheet 2456 The December 31 inventory count of computer supplies shows $610 still avallable. Noter Enter debiti before credits. 8. Prepare a post-closing trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger: Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three months ended December 31,2021 . Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 2021. 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. 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: 7. Record the necessary closing entries as of December 31,2021 : 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance as of December 31,2021. After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30.202 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Business Solutions had the following transactions and events in December 2021. December 2 Paid \$965 eash to H11lside Mall for Busthess Solutions's share of mall advertising costs, Decenber 3 Pold \$470 cash for einor repairs to the company's computer. December 4 Received $4,650 cash from Alex's Engineering Company for the recelvable from Maveinber. December 10 Paid cash to tyn Addie for six days of work at the rate of $125 per day. Decenber 15 purchased $1,700 of computer upplile an ence to business solutions: December 16 Sent a reeinder to Gomez Company to pay credit fron Harris office Products. Decenber 20 Completed a project for Liu Corporat pay the fee for services recorded on November B. December 2226 Took the neek off for the holidays. Decenber 28 Recelved $3,990 cash from Gomez Company on Its recelvable: December 29 Reimbursed S. Rey for business automobile nileage (60a wiles at 50.26 per milie). Decenber 11 Paid $1,100 cash for dividends. Business Solutions had the following transactions and events in December 2021 , December 2 Poid $965 cash to Hillside Mall for Business 50 lutions's share of mall advertising costs. December 3 paid $470 cash for minor repairs to the company's computer. December \$ Recetved $4,650 cash from Alex"s Engineering Compang for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $125 per doy. Decenber 14 Notified by Alex's Engineering Company that Business solutions"s bid of $7,600 on a proposed project has be accepted. Alex's paid a $1,700 cash advance to Business Solutions. December 15 Purchased $11700 of computer supplies on credit from Harris office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $6,175 cash. Decenber 2226 Took the week off for the holidays. December 28 Received $3,900 cash from Gomez Company on its receivable. December 29 Reimbursed 5 . Rey for business automobile mileage ( 690 miles at $0.26 per itile). December 31 paid $1,100 cash 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 $610 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 pald for four days of work at $125 pet 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 ho salvage value. f. Three of the four month' prepaid rent have expired. Required: 1. Prepare journal entries to record each of the December transactions, Post those entries to the accounts in the ledger 2-0. Prepare adjusting entries to reflect a through f. 2-b. Post the joumal 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, 2021 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31,2021 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021 8. Prepare a post-closing trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 2-o. 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 31,2021 4. Prepare an income statement for the three months ended December 31, 2021 5. Prepare a statement of retained earnings for the three months ended December 31, 2021. 6. Prepare a classified balance sheet as of December 31,2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31,2021 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Prepare adjusting entries to reflect a through f. Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Journal entry worksheet 2456 The December 31 inventory count of computer supplies shows $610 still avallable. Noter Enter debiti before credits. 8. Prepare a post-closing trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger: Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance as of December 31,2021. Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the three months ended December 31,2021 . Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 2021. 6. Prepare a classified balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31, 2021. 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. 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: 7. Record the necessary closing entries as of December 31,2021 : 8. Prepare a post-closing trial balance as of December 31, 2021. Complete this question by entering your answers in the tabs below. Prepare a post-closing trial balance as of December 31,2021