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Business Solutions had the following transactions and events in December $2020.$

December $2$ Paid $$1,025$ cash to Hillside Mall for Business Solutions's share of mall advertising costs.

December $3$ Paid $$470$ cash for minor repairs to the company's computer.

December $4$ Received $$4,450$ cash from Alex's Engineering Co$.$ for the receivable from November.

December $10$ Paid cash to Lyn Addie for six days of work at the rate of $$115$ per day.

December $14$ Notified by Alex's Engineering Company that Business Solutions's bid of $$7,700$ on a proposed project has been

accepted. Alex's paid a $$2,400$ cash advance to Business Solutions.

December $15$ Purchased $$1,300$ 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 $$6,325$ cash.

December $22-26$ Took the week off for the holidays.

December $28$ Received $$3,500$ cash from Gomez Company on its receivable.

December $29$ Reimbursed S$.$ Rey for business automobile mileage $(500$ miles at $$0\mathrm{.}30$ per mile$).$

December $31$ The company paid $$1,000$ cash in 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 $$600$ 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 $$115$ per day.

d$.$ The computer system, acquired on October $1,$ is sheelanand 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.

f$.$ Three of the four months' prepaid rent have expired.

$"($ Record the closure of revenue accounts, expense accounts, income summary account, and dividend"$)$ accounts

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