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all must be answered, to be considered correct The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December

all must be answered, to be considered correct
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The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Number Account Title Debit Credit 101 Cash $ 51,179 106 Accounts receivable 5,368 126 Computer supplies 670 128 Prepaid insurance 1,485 131 Prepaid rent 770 263 office equipment 8,200 164 Accumulated depreciation office equipment $ 410 167 Computer equipment 20,000 168 Accumulated depreciation Computer equipment 1,250 201 Accounts payable 2,000 210 Wages payable 420 236 Unearned computer services revenue 2,000 301 S. Rey, Capital 67.000 302 S. Rey. Withdrawals 7,500 403 Computer services revenue 38,694 612 Depreciation expense-Office equipment 410 613 Depreciation expense-computer equipment 1,250 623 Wages expense 3,375 637 Insurance expense 495 640 Rent expense 2,310 652 Computer supplies expenue 3,975 655 Advertising expense 2,618 676 Mileage expense 784 677 Miscellaneous expenses 170 684 Repairs, expense-Computer 1,215 901 Income Summary Totala $ 111,774 $ 111,774 0 Required: 1. Prepare an income statement for the three months ended December 31, 2021 2. Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint: The S. Rey, Capital account balance 236 301 2,000 67,000 7,500 38,694 302 403 612 613 623 637 640 652 655 676 677 684 901 Unearned computer services revenue S. Rey, Capital S. Rey. Withdrawals Computer services revenue Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Income summary Total 410 1,250 3,375 495 2,310 3,975 2,618 784 170 1,215 0 $ 111,774 $ 111,774 Required: 1. Prepare an income statement for the three months ended December 31, 2021 2. Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint: The S. Rey, Capital account balance was $0 on October 1, and owner investments were $67,000 this period, 3. Prepare a classified balance sheet as of December 31, 2021 4. Record the closing entries as of December 31, 2021. 5. Prepare a post-closing trial balance as of December 31, 2021

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