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After the success of the company s first two months, Santana Rey continues to operate Business Solutions. The November 3 0 , 2 0 2
After the success of the companys first two months, Santana Rey continues to operate Business Solutions. The November unadjusted trial balance of Business Solutions reflecting its transactions for October and November of follows
The December adjusted trial balance of Business Solutions reflecting its transactions from October through December of follows.
points
tableNumberAccount Title,Debit,CreditCash,$ Accounts receivable,Computer supplies,Prepaid insurance,Prepaid rent,Office equipment,Accumulated depreciationOffice equipment,,$ Computer equipment,Accumulated depreciationComputer equipment,,Accounts payable,,Wages payable,,Unearned computer services revenue,,S Rey, Capital,,S Rey, Withdrawals,Computer services revenue,,Depreciation expenseOffice equipment,Depreciation expenseComputer equipment,Wages expense,Insurance expense,Rent expense,Computer supplies expense,Advertising expense,Mileage expense,Miscellaneous expenses,Repairs expenseComputer,Income summary,,Totals,$ $
Required:
Prepare an income statement for the three months ended December
Prepare a statement of owner's equity for the three months ended December Hint: The S Rey, Capital account balance was $ on October and owner investments were $ this period.
Prepare a classified balance sheet as of December
Record the closing entries as of December
Prepare a postclosing trial balance as of December
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