e Chrome File Edit View History Bookmarks Tab Profiles Window Help MInbox (241) - abigailoforiwaa X M Gmail xiConnect - Home x Content × M Quest ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... C Mid-Term Exam i aw 9 Saved H After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 20 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Number Account Title 101 Cash 106 Accounts receivable Ask 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301- S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 612 613 Depreciation expense-Office equipment Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals Debit $ 39,164 Credit 13,318 2,545 2,040 2,920 8,400 22,000 0 0 0 0 66,000 6,200 36,444 0 0 2,500 0 0 0 1,718 634 210 795 $ 102,444 $ 102,444 Business Solutions had the following transactions and events in December 2021. December 2 Paid $935 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Daid 170 each for minor ranaire to the company's computer 11854 < Prev 9 of 13 Next > JUN 8 tv MacBook Pro Aa Google Chrome M Inbox (241) abigailoforiwaac File Edit History View Bookmarks Tab Profiles Window Help x | M Gmail xiConnect - Home Content M Question 9 - Mid-Term Exam ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mc Graw Hill Help Save & Exit Mid-Term Exam 9 Ask Saved Business Solutions had the following transactions and events in December 2021. December 2 Paid $935 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 $4,150 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $120 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,800 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. December 15 Purchased $1,800 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 $6,225 cash. December 22-26 Took the week off for the holidays. December 28 Received $3,200 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage (400 miles at $0.29 per mile). December 31 S. Rey withdrew $1,400 cash from the company for personal use. 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 $630 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 $120 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. f. Three of the four months' prepaid rent have expired. 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 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. Complete this question by entering your answers in the tabs below. < Prev 9 of 13 Next > tv♫ MacBook Pro Aa C