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The adjusted trial balance for Cullumber Company is below. CULLUMBER COMPANY Adjusted Trial Balance December 31, 2024 Account No. Account Titles Dr. Cr. 101 Cash

The adjusted trial balance for Cullumber Company is below.

CULLUMBER COMPANY Adjusted Trial Balance December 31, 2024

Account No.

Account Titles

Dr.

Cr.

101

Cash

9,300

112

Accounts receivable

10,200

130

Prepaid insurance

2,100

157

Equipment

25,000

158

Accumulated depreciationequipment

5,550

201

Accounts payable

9,900

212

Salaries payable

2,100

301

L. Cullumber, capital

22,300

306

L. Cullumber, drawings

12,100

400

Service revenue

57,950

622

Repairs expense

2,600

711

Depreciation expense

3,700

722

Insurance expense

2,300

726

Salaries expense

28,700

732

Utilities expense

1,800

Totals

$97,800

$97,800

A) Prepare an income statement. L. Cullumber did not make any additional investments during the year.

B) Prepare a statement of owners equity. L. Cullumber did not make any additional investments during the year. (List items that increase Owner's Equity first.)

C) Prepare a classified balance sheet. (List Current Assets in the order of liquidity.)

D) Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

E) Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

F) Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)

**PLEASE ANSWER ALL OF THE QUESTIONS!!**

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