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I need the five requirements please... The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021)
I need the five requirements please...
The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Credit Debit $ 51,424 5,368 660 1,530 810 8,800 $ 440 22,800 Number 101 106 126 128 131 42 163 164 167 188 168 201 201 210 210 226 236 301 301 302 493 403 612 b12 613 b15 623 025 637 640 040 652 655 676 677 684 901 1,425 1,400 420 2,100 70,000 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 por computer services revenue vable S. Rey, Capital S. Reyservices revenue Withdrawals 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 7,100 39,034 440 1,425 3,225 510 3,285 2,733 824 220 1,235 2,430 0 $ 114,819 $ 114,819 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 $70,000 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, 2021Step by Step Solution
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