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please helpppp! 1 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Record the entry to close the

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1 unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2021) follows. Record the entry to close the dividends account. Note: Enter debits before credits. Record the entry to close the expense account(s). Note: Enter debits before credits. Prepare an adjusted trial balance as of December 31, 2021. Final Project (Graded) i Prepare a post-closing trial balance as of December 31, 2021. The December 31 inventory count of computer supplies shows $610 still available. Three months have expired since the 12-month insurance premium was paid in advance. As of December 31, Lyn Addie has not been paid for four days of work at $110 per day. The computer system, acquired on October 1 , is expected to have a four-year life with no salvage value. The office equipment, acquired on October 1 , is expected to have a five-year life with no salvage value. Three of the four months' prepaid rent have expired. Prepare a statement of retained earnings for the three months ended December 31, 2021. Business Solutions had the following transactions and events in December 2021. December 2 Paid $985 cash to Hillside Mall for Business Solutions's share of mall advertising costs. December 3 Paid $490 cash for minor repairs to the company's computer. December 4 Received $4,650 cash from Alex's Engineering Company for the receivable from November. December 10 Paid cash to Lyn Addie for six days of work at the rate of $110 per day. December 14 Notified by Alex's Engineering Company that Business Solutions's bid of $7,100 on a proposed project has been accepted. Alex's paid a $1,700 cash advance to Business Solutions. December 15 Purchased $1,200 of computer supplies on credit from Harris office Products. December 16 Sent a reminder to Gomez Company to pay the fee for services recorded on November 8 . December 20 Completed a project for Liu Corporation and received $6,175cash. December 22-26 Took the week off for the holidays. December 28 Received $3,200 cash from Gomez Company on its receivable. December 29 Reimbursed S. Rey for business automobile mileage ( 600 miles at $0.27 per mile). December 31 Paid $1,500 cash for dividends. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months. a. The December 31 inventory count of computer supplies shows $610 still available. b. Three months have expired since the 12 -month insurance premium was paid in advance. c. As of December 31, Lyn Addie has not been paid for four days of work at $110 per day. d. The computer system, acquired on October 1 , is expected to have a four-year life with no salvage value. e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. f. Three of the four months' prepaid rent have expired. Prepare an income statement for the three months ended December 31, 2021. Record the entry to close the Income summary account. Note: Enter debits before credits. Prepare a classified balance sheet as of December 31, 2021. 1 1 Check my work Final Project (Graded) i Saved Help Save \& Exit Submit 1 Required 2B Required 4>

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