I need homework assignment 7 completed, please see attachment below

Homework Assignment 7 1 Homework Assignment 7 Homework Assignment 7 Stephanie Susanne Noland Allied American University Author Note This paper was prepared for ACC 225, Homework Assignment 7, taught by Debbie Wilson Homework Assignment 7 2 ACC225: Principles of Accounting I Module 7 Homework Assignment Directions: Please use an Excel Spreadsheet to present your homework (note: if you have a Mac, you may use Pages). Accounting homework cannot be accomplished in Microsoft Word. Please use the presentations that have been provided with the course as reference. Also, you may use the Generic Working Papers Excel Workbook found in the Course Resources to complete this assignment. Please visit the Course Resources section. Please note that you may have additional written homework alongside these application assignments. Please complete the following exercises found at the end of Chapter 10 and Chapter 11: Quick Study exercise: QS 10-5 Exercise 10-1 Exercise 10-7 Exercise 10-8 BTN 10-7 (Entrepreneurial Decision) Quick Study exercise: QS 11-11 Exercise 11-14 Problem 11-5A COURSE-LONG PROJECT DIRECTIONS: This course contains a course-long project in which you will work on a variety of problems in regards to a computer services company called Business Solutions. Each module will build upon one another, so it is important to complete each part successfully. Please note that there are 4 total parts to the course-long project. You will have 2 weeks to complete each part. Please note the schedule below: Homework Assignment 7 3 Part 1 will be due at the end of Module 2. Part II will be due at the end of Module 4. Part III will be due at the end of Module 6. Part IV will be due at the end of Module 8. This course-long project is a serial problem taken from your textbook. You can view the problem starting in Chapter 1. It will continue through Chapter 4. Please use the Generic Working Papers Excel Workbook found in the Course Resources to complete this project. COURSE-LONG PROJECT: PART IV (Modules 7 and 8) Scenario: The December 31, 2015, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2015) follows. No. 101 106 126 128 131 163 164 167 168 201 210 236 301 302 Account Title Cash Accounts receivable Accounts receivable Computer supplies Prepaid insurance Office equipment Accumulated depreciationOffice equipment Computer equipment Accumulated depreciationComputer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Debit $ 48,372 5,668 580 1,665 825 8,000 Credit $ 400 20,000 1,250 1,100 500 1,500 73,000 7,100 Homework Assignment 7 4 403 612 613 623 637 640 652 655 676 677 684 901 Computer services revenue Depreciation expenseOffice equipment Depreciation expenseComputer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expenseComputer Income summary Totals 31,284 400 1,250 3,875 555 2,475 3,065 2,753 896 250 1,305 0 $109,034 $109,034 Please complete the following: 1. Record and post the necessary closing entries for Business Solutions. 2. Prepare a post-closing trial balance as of December 31, 2015. Note: You will submit your work at the end of the Module 8 Homework Assignment.