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I just need requires 4 and 5 please!! The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December
I just need requires 4 and 5 please!!
The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Number Credit Debit $ 51,551 5,368 600 1,530 750 8,900 $ 445 23,200 1,450 2,100 460 1,900 72,000 101 106 126 128 131 163 164 167 168 201 210 236 301 302 403 612 613 623 637 640 652 655 676 677 684 901 Account Title 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 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 Totals 7,200 37,724 445 1,450 3,475 510 2,250 4,045 2,658 712 170 1,265 0 $ 116,079 $ 116,079 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 $72,000 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. Required 1 Required 2 Required 3 Required 4 Required 5 Record the closing entries as of December 31, 2021. View transaction list View journal entry worksheet No Date Debit Credit 1 Dec 31 General Journal Computer services revenue Income summary 37,724 37,724 2 Dec 31 Income summary 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 3 Dec 31 Income summary S. Rey, Capital 4 Dec 31 S. Rey, Capital S. Rey, Withdrawals Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a post-closing trial balance as of December 31, 2021. (The accounts should be listed in account number order.) BUSINESS SOLUTIONS Post-Closing Trial Balance December 31, 2021 Debit Credit Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciationOffice equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital TotalsStep by Step Solution
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