external browser &launchurl=https%253A%252F%252Fims.mheducation.com. ce Set - Part II Saved Help Save & Exit Sub 3 Paid $450 cash for minor repairs to the company's computer 4 Received $4,450 cash fron Alex's Engineering Co. for the receivable from November 10 Paid cash to Lyn Addie for six days of work at the rate of $ils per day. 14 Notified by Alex's Engineering Co. that business Solutions bid of 57,30 on a proposed project has been accepted. Alex's paid a $1,see cash advance to Business Solutions 15 Purchased $2,000 of computer supplies on credit from Harris Office Products 16 Sent a reminder to Gomez Co to pay the fee for services recorded on November 2e Completed a project for Liu Corporation and received 56,175 cash 22- Took the week off for the holidays. 25 28 Received $3.00 cash from Gomez Co. on its receivable 29 Reimbursed 5. Rey for business automobile sileage (see siles + $0.28 persie). 31 The company paid $1,200 cash in dividends look The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. tonces a. The December 31 inventory count of computer supplies shows $600 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 $115 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 2-b. Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 2A. After completing Requirement 7. post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2019. 4. Prepare an income statement for the three months ended December 31, 2019 5. Prepare a statement of retained earnings for the three months ended December 31, 2019 6. Prepare a balance sheet as of December 31, 2019 7. Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 28 8. Prepare a post-closing trial balance as of December 31, 2019 Complete this question by entering your answers in the tabs below. ME Prey 1 of 1 BIP Next Type here to search O ] external browser &launchurl=https%253A%252F%252Fims.mheducation.com. ce Set - Part II Saved Help Save & Exit Sub 3 Paid $450 cash for minor repairs to the company's computer 4 Received $4,450 cash fron Alex's Engineering Co. for the receivable from November 10 Paid cash to Lyn Addie for six days of work at the rate of $ils per day. 14 Notified by Alex's Engineering Co. that business Solutions bid of 57,30 on a proposed project has been accepted. Alex's paid a $1,see cash advance to Business Solutions 15 Purchased $2,000 of computer supplies on credit from Harris Office Products 16 Sent a reminder to Gomez Co to pay the fee for services recorded on November 2e Completed a project for Liu Corporation and received 56,175 cash 22- Took the week off for the holidays. 25 28 Received $3.00 cash from Gomez Co. on its receivable 29 Reimbursed 5. Rey for business automobile sileage (see siles + $0.28 persie). 31 The company paid $1,200 cash in dividends look The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. tonces a. The December 31 inventory count of computer supplies shows $600 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 $115 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 2-b. Post the journal entries to record each of the December transactions from Requirement and adjusting entries from Requirement 2A. After completing Requirement 7. post the closing entries to the general ledger accounts 3. Prepare an adjusted trial balance as of December 31, 2019. 4. Prepare an income statement for the three months ended December 31, 2019 5. Prepare a statement of retained earnings for the three months ended December 31, 2019 6. Prepare a balance sheet as of December 31, 2019 7. Record the necessary closing entries as of December 31, 2019 and then post the closing entries to the general ledger in Requirement 28 8. Prepare a post-closing trial balance as of December 31, 2019 Complete this question by entering your answers in the tabs below. ME Prey 1 of 1 BIP Next Type here to search O ]