Question

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.
 

Number	Account Title	Debit	Credit
101	Cash	$ 38,364
106	Accounts receivable	13,218
126	Computer supplies	2,645
128	Prepaid insurance	1,920
131	Prepaid rent	3,100
163	Office equipment	8,500
164	Accumulated depreciation—Office equipment		$ 0
167	Computer equipment	20,800
168	Accumulated depreciation—Computer equipment		0
201	Accounts payable		0
210	Wages payable		0
236	Unearned computer services revenue		0
307	Common stock		71,000
318	Retained earnings		0
319	Dividends	6,200
403	Computer services revenue		29,269
612	Depreciation expense—Office equipment	0
613	Depreciation expense—Computer equipment	0
623	Wages expense	2,175
637	Insurance expense	0
640	Rent expense	0
652	Computer supplies expense	0
655	Advertising expense	1,708
676	Mileage expense	664
677	Miscellaneous expenses	170
684	Repairs expense—Computer	805
901	Income summary		0
	Totals	$ 100,269	$ 100,269

 Business Solutions had the following transactions and events in December 2021.  

December 2	Paid $955 cash to Hillside Mall for Business Solutions's share of mall advertising costs.
December 3	Paid $470 cash for minor repairs to the company’s computer.
December 4	Received $4,450 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 $105 per day.
December 14	Notified by Alex’s Engineering Company that Business Solutions's bid of $7,600 on a proposed project has been accepted. Alex’s paid a $1,900 cash advance to Business Solutions.
December 15	Purchased $1,500 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 Corporation and received $5,875 cash.
December 22-26	Took the week off for the holidays.
December 28	Received $3,300 cash from Gomez Company on its receivable.
December 29	Reimbursed S. Rey for business automobile mileage (500 miles at $0.27 per mile).
December 31	Paid $1,400 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.
 

1. The December 31 inventory count of computer supplies shows $640 still available.

2. Three months have expired since the 12-month insurance premium was paid in advance.

3. As of December 31, Lyn Addie has not been paid for four days of work at $105 per day.

4. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value.

5. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value.

6. 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.
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 three months ended December 31, 2021.
6. Prepare a classified 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.

> I posted this question. I completed some of it, but if there is anything that is wrong please correct it. I'm really struggling with this.