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Stark Technology adjusted trial balance on December 31, 2020 appears in the worksheet as follows: No. Account Debit Credit 101 Cash $57,850 124 Supplies $2,150

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Stark Technology adjusted trial balance on December 31, 2020 appears in the worksheet as follows: No. Account Debit Credit 101 Cash $57,850 124 Supplies $2,150 128 Prepaid insurance $3,800 167 Equipment $145,000 168 Accumulated depreciation, $24,000 equipment 201 Accounts payable $16,800 210 Wages payable $6,300 301 Tony Stark, capital $210,000 302 Tony Stark, withdrawals $75,000 401 Revenue $200,000 612 Depreciation expense, $24,000 equipment 623 Wages expense $93,000 637 Insurance expense $1,500 623 $93,000 637 $1,500 640 Wages expense Insurance expense Rent expense Office supplies expense Utilities Expense Totals $41,000 $5,500 650 690 $8,300 $457,100 $457,100 Required - using the worksheets provided 1. Prepare the closing entries. 2. Prepare the post-closing trial balance at December 31, 2020. 3. Prepare the income statement, statement of changes in equity and a classified balance sheet as at December 31, 2020. 1 A T: FI BIUS X2 x? III % 0 EI C Requirement 1 General Journal Page 1 3. Prepare the income statement, statement of changes in equity and a classified balance sheet as at December 31, 2020. A T- FI B I U x2 x Requirement1 General Journal Page 1 Date Account Titles and Explanation Debit Credit

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