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Problem 2 : table [ [ Adjusted Trial Balance ] , [ December 3 1 , 2 0 XX ] , [ 1 0

Problem 2:
\table[[Adjusted Trial Balance],[December 31,20XX],[101,Cash,14,000,,],[124,Supplies,1,300,,],[128,Prepaid Insurance,2,050,,],[167,Equipment,50,000,,],[168,Accum. Depr. - Equip,,5,000,],[201,Accounts Payable,,14,000,],[210,Wages Payable,,600,],[301,Kaprise Capital,16,000,33,000,],[302,Kaprise Drawing,,-,],[303,Income Summary,,90,950,],[406,Services Revenue,5,000,,],[612,Depreciation Exp- Equip,37,500,,],[623,Wages Expense,800,,],[637,Insurance Expense,10,600,,],[640,Rent Expense,3,600,,],[650,Supplies Expense,2,700,,],[690,Utilities Expense,143,550,143,550,],[,,,,],[,,Totals,,]]
Prepare the income statement, statement of owner's equity and the balance sheet *** The $33,000 capital balance rolled over from the prior year; No owner investments in the current year.
Record the closing entries in a general journal
Post the closing entries to the t-accounts
Kaprise Capital
\table[[,33,000]]
KapriseDrawing16,000
Income Summary
Service Revenue
\table[[Depr Ex,xp-Equip],[5,000,]]
90,950
Insurance Expense
WagesExpense37,500
InsuranceExpense800
RentExpense10,600
Supplies Expense
Utilities Expense
3,600
2,700
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