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Based on your financial statements for Business Solutions answer the following questions: 1. Complete the accounting equation for Business Solutions using the amounts in this
Based on your financial statements for Business Solutions answer the following questions: 1. Complete the accounting equation for Business Solutions using the amounts in this format: $_ _= $_ +$ Business Solutions Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance Credit Credit Credit Debit 52 014 5 768 4445 1980 3220 8500 Debit 50 614 5 768 640 1 485 805 8500 Debit 50 614 5 768 640 1 485 805 8 500 425 425 22 000 22 000 22 000 1375 1375 1 800 December 31, 2018 Account Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue Common stock Retained earnings Dividends 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 1 800 420 1 600 68 000 1 600 68 000 1 800 420 1 600 68 000 16192 6000 74001 40259 40259 2830 425 1375 3250 495 2415 3 805 2678 759 250 1215 2678 759 250 1215 Totals 111659 111659 1 3879 113879 89 812 89 312
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