PLEASE MAKE SURE ALL THE NUMBERS ARE CORRECT.

After the success of the company’s first two months, Santana Reycontinues to operate Business Solutions. The November 30, 2018,unadjusted trial balance of Business Solutions (reflecting itstransactions for October and November of 2018) follows.

No.	Account Title	Debit			Credit
101	Cash	$	39,164
106	Accounts receivable		13,118
126	Computer supplies		2,645
128	Prepaid insurance		1,980
131	Prepaid rent		2,960
163	Office equipment		8,900
164	Accumulated depreciation—Office equipment				$	0
167	Computer equipment		22,400
168	Accumulated depreciation—Computer equipment					0
201	Accounts payable					0
210	Wages payable					0
236	Unearned computer services revenue					0
307	Common stock					71,000
318	Retained earnings					0
319	Dividends		6,400
403	Computer services revenue					32,094
612	Depreciation expense—Office equipment		0
613	Depreciation expense—Computer equipment		0
623	Wages expense		2,200
637	Insurance expense		0
640	Rent expense		0
652	Computer supplies expense		0
655	Advertising expense		1,688
676	Mileage expense		684
677	Miscellaneous expenses		160
684	Repairs expense—Computer		795
	Totals	$	103,094		$	103,094

Business Solutions had the following transactions and events inDecember 2018.   

Dec.	2		Paid $935 cash to Hillside Mall for Business Solutions’ shareof mall advertising costs.
	3		Paid $440 cash for minor repairs to the company’scomputer.
	4		Received $4,950 cash from Alex’s Engineering Co. for thereceivable from November.
	10		Paid cash to Lyn Addie for six days of work at the rate of $105per day.
	14		Notified by Alex’s Engineering Co. that Business Solutions’ bidof $7,900 on a proposed project has been accepted. Alex’s paid a$2,100 cash advance to Business Solutions.
	15		Purchased $1,400 of computer supplies on credit from HarrisOffice Products.
	16		Sent a reminder to Gomez Co. to pay the fee for servicesrecorded on November 8.
	20		Completed a project for Liu Corporation and received $5,925cash.
	22–26		Took the week off for the holidays.
	28		Received $3,400 cash from Gomez Co. on its receivable.
	29		Reimbursed S. Rey for business automobile mileage (600 miles at$0.24 per mile).
	31		The company paid $1,500 cash in dividends.

The following additional facts are collected for use in makingadjusting entries prior to preparing financial statements for thecompany’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 insurancepremium was paid in advance.

c. As of December 31, Lyn Addie has not been paid for four daysof work at $105 per day.

d. The computer system, acquired on October 1, is expected tohave a four-year life with no salvage value.

e. The office equipment, acquired on October 1, is expected tohave a five-year life with no salvage value.

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

Required:
1. Prepare journal entries to record each of theDecember transactions and events for Business Solutions.
2-a. Prepare adjusting entries to reflecta through f.
2-b. Post the journal entries to record each ofthe December transactions, adjusting entries to the accounts in theledger.
3. Prepare an adjusted trial balance as ofDecember 31, 2018.
4. Prepare an income statement for the threemonths ended December 31, 2018.
5. Prepare a statement of retained earnings forthe three months ended December 31, 2018.
6. Prepare a balance sheet as of December 31,2018.
7. Record and post the necessary closing entriesas of December 31, 2018.
8. Prepare a post-closing trial balance as ofDecember 31, 2018.