Ch 4 Cornect was geen Chapter 4 Connect HW Assignment Help Save & Exit Sun Check my we Problem 4-5A Preparing trial balances, closing entries, and financial statements LO C3, P2, P3 The adjusted trial balance of Karise Repairs on December 31, 2017, follows. 00: 54 KARISE REPATRES Mjusted Trial balance December 31, 2017 Account Title Debit 1,800 54,000 lolo 124 office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, withdrawala 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 617 Insurance expense 640 Rent expense 650 office supplies expense 696 Utilities expense Totala 16,500 15,000 $241,300 $241.30 Assume there are no owner investments in 2017. Required: 1a. Prepare an income statement for the year 2017 1b. Prepare a statement of owner's equity for the year 2017 1c. Prepare a classified balance sheet at December 31, 2017 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three and four for closing entry information and the last two columns for a post.closing trial balance 3. Using Information from the work sheet in Requirement 2 prepare the appropriate closing entries. Prev 1 of 1 !!! Next > 4 Connect HW Assignment i Help Save & E Required: 1a. Prepare an income statement for the year 2017. 1b. Prepare a statement of owner's equity for the year 2017 1c. Prepare a classified balance sheet at December 31, 2017 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three and four for closing entry information and the last two columns for a post-closing trial balance. 3. Using information from the work sheet in Requirement 2. prepare the appropriate closing entries. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3 Prepare a statement of owner's equity for the year 2017 KARISE REPAIRS Statement of Owner's Equity For Year Ended December 31, 2017 C. Karise, Capital, Jan. 1, 2017 C. Karise, Capital, Dec 31, 2017 Required 1A Required 10 >