Serial Problem Business Solutions LO P2, P3

The December 31, 2017, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2017) follows.

No	Account Title	Debit			Credit
101	Cash	$	50,801
106	Accounts receivable		5,568
126	Computer supplies		620
128	Prepaid insurance		1,530
131	Prepaid rent		750
163	Office equipment		8,900
164	Accumulated depreciationOffice equipment				$	445
167	Computer equipment		22,400
168	Accumulated depreciationComputer equipment					1,400
201	Accounts payable					2,000
210	Wages payable					460
236	Unearned computer services revenue					2,100
301	S. Rey, Capital					64,000
302	S. Rey, Withdrawals		7,600
403	Computer services revenue					44,944
612	Depreciation expenseOffice equipment		445
613	Depreciation expenseComputer equipment		1,400
623	Wages expense		3,675
637	Insurance expense		510
640	Rent expense		2,250
652	Computer supplies expense		4,025
655	Advertising expense		2,678
676	Mileage expense		852
677	Miscellaneous expenses		170
684	Repairs expenseComputer		1,175
901	Income summary					0
	Totals	$	115,349		$	115,349

Required: 1. Record the closing entries for Business Solutionss. 2. Prepare a post-closing trial balance as of December 31, 2017