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Select the components of faithful representation that matches with its definition Falthful Representation Doftcllion a. All information necessary to describe an item is reported. b.

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Select the components of faithful representation that matches with its definition Falthful Representation Doftcllion a. All information necessary to describe an item is reported. b. Information that does not bias the decision maker. c. Reported amounts reflect the best available information. Required information [The following information applies to the questions displayed below.) Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31. The December 31, 2021, trial balance (before any adjusting entries) appears below. Credits Debits $173,200 24,000 30, 600 27,600 131,000 $ 73,000 17,400 61,800 Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Deferred Revenue Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense Totals 38,600 117,800 15,400 12, eee 263,000 173,800 15,600 5587,000 $587,000 In addition, the company had the following year-end adjusting entries. Debits 11,800 Credits 11,800 5,800 .. Depreciation Expense Accumulated Depreciation b. Solaries Expense Salaries Payable c. Interest Expense Interest Payable d. Insurance Expense Prepaid Insurance e. Supplies Expense 5,800 2,800 2,800 21,800 21,800 23,800 In addition, the company had the following year-end adjusting entries. Credits Debits 11,800 11,800 5,800 5,800 2,800 2,800 a. Depreciation Expense Accumulated Depreciation b. Salaries Expense Salaries Payable C. Interest Expense Interest Payable d. Insurance Expense Prepaid Insurance e. Supplies Expense Supplies 1. Deferred Revenue Service Revenue 21,800 21,800 23,888 23,800 16,800 16,800 7. Prepare a post-closing trial balance. JAGUAR AUTO COMPANY Post-Closing Trial Balance December 31, 2021 Debit Accounts + Credit

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