December $31$ S$.$ Rey withdrew $$1,500$ 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 $$580$ 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 $$125$

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:

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.

Prepare an adjusted trial balance as of

December $31,2021.$

Prepare adjusting entries to reflect a through $f.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry requ

Journal entry worksheet

The December $31$ inventory count of computer supplies shows $$580$ still available.

Note: Enter debits before credits.