On October $1,2021,$ Santana Rey launched a computer services company called Business Solutions, which provides

consulting services, computer system installations, and custom program development. The company's initial chart of

accounts follows.

October $1$ s$.$ Rey invested $$53,000$ cash, a $$20,000$ computer system, and $$9,000$ of office equipment in the

company in exchange for common stock.

october $2$ The company paid $$3,260$ cash for four months' rent. Hint: Debit Prepaid Rent for $$3,260.$

october $3$ The company purchased $$1,360$ of computer supplies on credit from Harris office Products.

October $5$ The company paid $$1,680$ cash for one year's premium on a property and liability insurance policy.

Hint: Debit Prepaid Insurance for $$1,680.$

October $6$ The company billed Easy Leasing $$4,900$ for services performed in installing a new Web server.

October $8$ The company paid $$1,360$ cash for the computer supplies purchased from Harris office Products on

October $3.$

October $10$ The company hired Lyn Addie as a part$-$time assistant.

october $12$ The company billed Easy Leasing another $$1,8$e$0$ for services performed.

October $15$ The company received $$4,900$ cash from Easy Leasing as partial payment on its account.

october $17$ The company paid $$800$ cash to repair computer equipment that was damaged when moving it$.$

October $20$ The company paid $$1,723$ cash for advertisements.

October $22$ The company received $$1,800$ cash from Easy Leasing on its account.

October $28$ The company billed IFM Company $$5,308$ for services performed.

October $31$ The company paid $$1,015$ cash for Lyn Addie's wages for seven days' work.

October $31$ The company paid a $$3,3$e$0$ cash dividend.

November $1$ The company paid $$280$ cash for mileage expenses.

November $2$ The company received $$4,933$ cash from Liu corporation for computer services performed.

November $5$ The company purchased computer supplies for $$1,095$ cash from Harris office Products.

November $8$ The company billed Gomez Company $$5,868$ for services performed.

November $13$ The company agreed to perform future services for Alex's Engineering Company. No work has yet been

performed.

November $18$ The company received $$2,308$ cash from IFM Company as partial payment of the october $28$ bill.

November $22$ The company paid $$180$ cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $$180.$

November $24$ The company completed work and sent a bill for $$4,550$ to Alex's Engineering Company.

November $25$ The company sent another bill to IFM Company for the past$-$due amount of $$3,000.$

November $28$ The company paid $$336$ cash for mileage expenses.

November $30$ The company paid $$2,030$ cash for Lyn Addie's wages for $14$ days' work.

November $30$ The company paid a $$1,700$ cash dividend.

Required:

Prepare Journal entries to record each of the above transactions for Business Solutions.

Prepare ledger accounts $($in balance column format$)$ and post the journal entrles from requirement $1$ to them.

Prepare a trial balance as of the end of November.

Prepare journal entries to record each of the above transactions for Business Solutions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

S$.$ Rey invested $$53,000$ cash, a $$20,000$ computer system, and $$9,000$ of

office equipment in the company in exchange for common stock.

Note: Enter debits before credits.

: here are the options for the balance sheet, if that makes your job any easier. you're a lifesaver! god bless ya :$)$

$000$: No journal entry required

$101$: Cash

$106$: Accounts receivable

$126$: Computer supplies

$128$: Prepaid insurance

$131$: Prepaid rent

$163$: Office equipment

$167$: Computer equipment

$201$: Accounts payable

$307$: Common stock

$319$: Dividends

$403$: Computer services revenue

$623$: Wages expense

$655$: Advertising expense

$676$: Mileage expense

$677$: Miscellaneous expenses

$684$: Repairs expense$$Computer