roject$-100$ points

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After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November $30,2021,$ unadjusted trial balance of Business Solutions $($reflecting its transactions for October and November of $2021)$ follows.

$\backslash$table$[[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$ $38,664,],[106,$Accounts receivable,$13,518,],[126,$Computer supplies,$2,545,],[128,$Prepaid insurance,$1,980,],[131,$Prepaid rent,$2,980,],[163,$Office equipment,$8,000,],[164,$Accumulated depreciation$-$Office equipment,,$ $0],[167,$Computer equipment,$22,800,],[168,$Accumulated depreciation$-$Computer equipment,,$0],[201,$Accounts payable,,$0],[210,$Wages payable,,$0],[236,$Unearned computer services revenue,,$0],[307,$Common stock,,$73,000],[318,$Retained earnings,,$0],[319,$Dividends,$6,500,],[403,$Computer services revenue,,$29,504],[612,$Depreciation expense$-$Office equipment,$0,],[613,$Depreciation expense$-$Computer equipment,$0,],[623,$Wages expense,$2,300,],[637,$Insurance expense,$0,],[640,$Rent expense,$,],[652,$Computer supplies expense,$0,],[655,$Advertising expense,$1,638,],[676,$Mileage expense,$644,],[677,$Miscellaneous expenses,$230,],[684,$Repairs expense$-$Computer,$705,],[901,$Income summary,,$0],[,$Totals,$ $102,504,$$ $102,504]]$

Business Solutions had the following transactions and events in December $2021.$December $2$ Paid $$935$ cash to Hillside Mall for Business Solutions's share of mall advertising costs.December $3$ Paid $$440$ cash for minor repairs to the company's computer.December $4$ Received $$4,050$ cash from Alex's Engineering Company for the receivable from November.December $10$ Paid cash to lyn Addie for six days of work at the rate of $$110$ per day.December $14$ Notified by Alex's Engineering Company that Business Solutions's bid $$7,200$ on a proposed project has beenaccepted. Alex's paid a $$1,800$ cash advance to Business Solutions.December $15$ Purchased $$1,200$ of computer supplies on credit from Harris office Products.December $16$ Sent a reminder to Gomez Company to pay the fee for services recorded on November $8.$December $20$ Completed a project for Liu Corporat ion and received $$6,425$ cash.December $22-26$ Took the week off for the holidays.December $28$ Received $$3,9$B$0$ cash from Gomez Company on its receivable.December $29$ Reimbursed S$.$ Rey for business automobi le mileage $(500$ miles at se$\mathrm{.}24$ per mile$).$December $31$ Paid $$1,500$ cash for dividends.The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for thecompany's first three months.a$.$ The December $31$ inventory count of computer supplies shows $$630$ still available.b$.$ Three months have expired since the $12-$month insurance premium was paid in advance.c$.$ As of December $31,$ Lyn Addie has not been paid for four days of work at $$110$ 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. Post those entries to the accounts in the ledger$\mathrm{.}2-$a$.$ Prepare adjusting entries to reflect a through f$\mathrm{.}2-$b$.$ Post the journal entries to record each of the December transactions, adjusting entries to the accounts in the ledger$\mathrm{.}3.$ Prepare an ad$$usted trial balance as of December $31,2021\mathrm{.}4.$ Prepare an income statement for the three months ended December $31,2021\mathrm{.}5.$ Prepare a statement of retained earnings for the three months ended December $31,2021.$