solving number 3

SP 2 Serial Problem Business Solutions (Algo) LO A1, P1 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 \$. Rey invested $46,600 cash, a $26,800 computer system, and $8,9e0 of office equipment in the conpany. October 2 The company paid $3,260 cash for four ronths' rent. Hint: Debit Prepaid Rent for $3,260. october 3 The company purchased $1,46e of computer supplies on credit from Harris office Products. october 5 The company paid $1,740 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,740. October 6 The cospany billed Easy leasing $5,200 for services perforsed in installing a nee web server. October 8 The company paid $1,40 e cash for the cosputer supplies purchased from Harris Office Products on october. 3. October 6 The company billed Easy Leasing $5,200 for services performed in insta1ling a new Web server. October 8 The company paid $1,4e cash for the computer supplies purchased fron Harris office Products on October 3. October 10 The company hired Lyn Addie as a part-time assistant. october 12 The comany bi1led Easy Leasing another $2,400 for services performed. october 15 The company received \$5,200 cash from Easy Leasing as partial payment on its account. october 17 The company paid $785 cash to repair computer equipment that was damaged when moving it. October 20 The company paid $1,698 cash for advertisements. october 22 The company received $2,46 cash from Easy Leasing on its account. october 28 The company billed IFM Company $5,808 for services performed. October 31 The company paid $735 cash for Lyn Addie's wages for seven days' work. October 31 5. Rey withdrew $3,10e cash from the company for personal use. Noveeber 1 The company paid $260 cash for mileage expenses. Novenber 2 The company received $4,733 cash from tiu Corporation for computer services performed. November 5 The company purchased computer supplies for $1,660 cash from Harris office Products. November. 8 The company billed Gomez Company $6,568 for services performed. Novenber 13 The company agreed to perform future services for Alex's Engineering Company. No work has yet been performed. November 28 The company received $1,908 cash fros IFM Company as partial payment of the October 28 bili. Novenber 22 The coepany paid $188 cash for miscellaneous expenses. Hint: bebit Miscellaneous Expenses for $180. November 24 The company completed work and sent a bi11 for \$4,950 to Alex's Engineering Company, Noveaber 25 The company sent another bill to IFM Company for the past-due amount of $3,990. Novenber 28 The company paid $312 cash for mileage expenses. Navember 30 The company paid $1,470 cash for Lyn Addie's wages for 14 days' work. November 3e: $. Hey withdrea $1,8ee cash from the company for personal use. Required: 1. Prepare lournal entries to record each of the above transactions for Business Solutions. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November. Complete this question by entering your answers in the tabs below. Prepare a trial balance as of the end of November. \begin{tabular}{|l|l|l|} \hline Cash \\ \hline Accounts receivable \\ \hline Computer supplies \\ \hline Prepaid insurance \\ \hline Office equipment rent \\ \hline Computer equipment \\ \hline Accounts payable \\ \hline S. Rey, Capital \\ \hline S. Rey, Withdrawals \\ \hline Computer services revenue \\ \hline Wages expense \\ \hline Advertising expense \\ \hline Miscellaneous expenses \\ \hline Rexpense \\ \hline Computer \end{tabular}