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Required: 1. Prepare journal entries to record each of the December transactions. Post those entries to the accounts in the ledger. 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 3. Prepare an adjusted trial balance as of December 31,2021 . 4. Prepare an income statement for the three months ended December 31, 2021 . 5. Prepare a statement of retained earnings for the threl months ended December 31,2021 . 6. Prepare a classifled balance sheet as of December 31, 2021. 7. Record the necessary closing entries as of December 31,2021. 8. Prepare a post-closing trial balance as of December 31,2021 . Business Solutions had the following transactions and events in December 2021. December 2 Paid $970 cash to Hitlside Mall for Business Solutions's share of mall advertising costs. December 3 Paid 5480 cash for minor repairs to the company's computer. December 4 Received 54,550 cash from Alex's Engineering Company for the receivable fron Novenber. December 10 Paid cash to Lyn Addie for six days of work at the rate of $105 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,200 on a proposed project has been accepted. Alex's paid a $2,500 cash advance to Business Solutions. Decenber 15 Purchased $1,200 of computer supplies on credit fron Harris office Products. December 16 Sent a reminder to Gonez Company to pay the fee for services recorded on November 8. December 20 Completed a project for Liu Corporation and received $6,175 cash. December 22-26 Took the week off for the holidays. Decenber 28 Received $3,200 cash from Gonez Conpany on its receivable. Decenber 29 Reimbursed S. Rey for business autonobile miteage (600 miles at s0.31 per mile). December 31 Paid $1,100 cash for dividends. 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 $670 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 $105 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. 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

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