Question: COMPREHENSIVE PROBLEM #1 (based on Serial Problem data found in Fundamental Accounting Principles, 23 ed.) You may work together with other students to create the

 COMPREHENSIVE PROBLEM #1 (based on Serial Problem data found in Fundamental
Accounting Principles, 23 ed.) You may work together with other students to

COMPREHENSIVE PROBLEM #1 (based on Serial Problem data found in Fundamental Accounting Principles, 23 ed.) You may work together with other students to create the required elements, but each student must make an individual submission of the answers. Comprehensive Problem #1 will be graded for completeness and accuracy. The problem is worth 100 points Santana Rey founded Business Solutions on October 1, 2017 with an initial capital investment totaling $73,000. The November 30, 2017, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November 2017) follows. No. 101 106 Accounts Receivable Account Title DebitCredit Cash $38,264 12,618 2,545 2,220 3,300 8,000 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 164 Accumulated Depreciation-Office Equipment 167 Computer Equipment 168 201 20,000 Accumulated Depreciation- Computer Equipment Accounts Payable 0 0 210 Wages Payable 236 301 302 403 Computer Services Revenue 612 Depreciation Expense-Office Equipment Unearned Computer Services Revenue S. Rey, Capital S. Rey, Withdrawals 73,000 5,600 25,659 Depreciation Expense- Computer Equipment Wages Expense Insurance Expense 0 0 2,625 623 637 640 Rent Expense 652 Computer Supplies Expense 655 Advertising Expense 676 Mileage Expense 677 0 1,728 704 250 805 $98,659 1 Miscellaneous Expenses 57 684 Repairs Expense- Computer Total $98,659

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