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On October 1, 2021, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. October 1 s. Rey invested $48,000 cash, a $28,000 computer system, and $8,000 of office equipment in the company in exchange for common stock. October 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280. October 3 The company purchased $1,360 of computer supplies on credit from Harris office Products. October 5 The company paid $2,160 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,160. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new Web server. October 8 The company paid $1,360 cash for the computer supplies purchased from Harris office Products on October 3 . October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another $2,300 for services performed. October 15 The company received $5,000 cash from Easy Leasing as partial payment on its account. October 17 The company paid $800 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,718 cash for advertisements. October 22 The company received $2,300 cash from Easy Leasing on its account. October 28 The company billed IFM Company $5,408 for services performed. October 31 The company paid $1,015 cash for Lyn Addie's wages for seven days' work. October 31 The company paid a $2,800 cash dividend. November 1 The company paid $300 cash for mileage expenses. November 2 The company received $4,633 cash from Liu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,105 cash from Harris office Products. November 8 The company billed Gomez Company $6,468 for services performed. November 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. November 18 The company received $1,508 cash from IFM Company as partial payment of the October 28 bill. November 22 The company paid $190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $190. November 24 The company completed work and sent a bill for $4,950 to Alex's Engineering Company. November 25 The company sent another bill to IFM Company for the past-due amount of $3,900. November 28 The company paid $360 cash for mileage expenses. November 30 The company paid $2,030 cash for Lyn Addie's wages for 14 days' work. November 30 The company paid a $1,700 cash dividend. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November. View transaction list View journal entry worksheet Required 1 Required 2 Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. Required 1

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