= Homework: Chapter 4 Homework Question list Question 1 * Question 2 * Question 3 K Question 2, E4-16 (similar to) Part 4 of 5 HW Score: 58.51%, 2.93 of 5 points Points: 0.13 of 1 Save ABC, Inc. has the following adjusted trial balance as of December 31, 2022, the company's year-end: (Click the icon to view the adjusted trial balance.) Requirements a. b. Prepare the necessary closing entries for ABC, Inc. at December 31, 2022. Omit explanations. Prepare the post-closing trial balance for ABC, Inc. at December 31, 2022. Requirement b. Prepare the post-closing trial balance for ABC, Inc. at December 31, 2022. Begin by posting the closing entries to the t-accounts to obtain the post-closing balances. T-accounts have been opened using the balances from the adjusted trial balance. Use the closing entry numbers as posting references to post each closing entry to the relevant accounts, then compute the ending balance of each account. Label the ending balances with End. Bal. (For accounts with a $0 ending balance, select "End. Bal." and enter "0" on the normal balance side of the t-account.) Review the closing entries made in Requirement a. * Question 4 Adj. Bal. Question 5 Cash 700,000 Accounts Receivable Adj. Bal. 4,000 Prepaid Rent Equipment Adj. Bal. 12,600 Adj. Bal 75,000 Accumulated Depreciation-Equipment 5,000 Adj. Bal. Accounts Payable 30,000 Adj. Bal. Adjusted trial balance ABC, Inc. Adjusted Trial Balance At December 31, 2022 Account Debit Credit Cash $ 700,000 Accounts Receivable 4,000 Prepaid Rent 12,600 Equipment 75,000 Accumulated Depreciation-Equipment $ 5,000 Accounts Payable 30,000 Wages Payable 20,000 Common Stock Sales Revenue Rent Expense 22,000 1,037,300 25,200 270,000 5,000 5,000 17,500 $ 1,114,300 $ 1,114,300 Check answer Wages Payable Common Stock 20,000 Adj. Bal. 22,000 Adj. Bal. Wage Expense Utilities Expense Depreciation Expense-Equipment Insurance Expense Total Help me solve this Etext pages Get more help Question 2, E4-16 (similar to) Part 4 of 5 = Homework: Chapter 4 Homework Question list Question 1 K- ABC, Inc. has the following adjusted trial balance as of December 31, 2022, the company's year-end: (Click the icon to view the adjusted trial balance.) Requirements a. b. Prepare the necessary closing entries for ABC, Inc. at December 31, 2022. Omit explanations. Prepare the post-closing trial balance for ABC, Inc. at December 31, 2022. * Question 2 * Question 3 Wages Payable 20,000 Adj. Bal. Common Stock 22,000 Adj. Bal. HW Score: 58.51%, 2.93 of 5 points Points: 0.13 of 1 Adjusted trial balance * Question 4 Income Summary Question 5 Retained Earnings ABC, Inc. Adjusted Trial Balance At December 31, 2022 Account Debit Credit Cash $ Accounts Receivable 700.000 4,000 Prepaid Rent 12,600 Sales Revenue 1,037,300 Adj. Bal. Adj. Bal. Wage Expense 270,000 Equipment 75,000 Accumulated Depreciation-Equipment $ 5,000 Accounts Payable 30,000 Wages Payable 20,000 Common Stock 22,000 Adj. Bal Utilities Expense 5,000 Adj. Bal. Insurance Expense 17,500 Sales Revenue 1,037,300 Rent Expense 25.200 Wage Expense 270,000 Adj. Bal Depreciation Expense 5.000 Rent Expense Adj. Bal. 25,200 Total Utilities Expense Depreciation Expense-Equipment Insurance Expense 5,000 5,000 17,500 S 1,114,300 $ 1,114,300 Help me solve this Etext pages Get more help - Print Done Save Check