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The December 31,2021 , adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Required: 1. Prepare an income
The December 31,2021 , adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Required: 1. Prepare an income statement for the three months ended December 31,2021 . 2. Prepare a statement of owner's equity for the three months onded December 31, 2021. Hint: The S. Rey, Capital account balance was $0 on October 1 , and owner investments were $72.000 this period. 3. Prepare a classifled balance sheet as of December 31,2021 . 4. Record the closing entries as of December 31,2021 . 5. Prepare a post-closing trial balance as of December 31,2021 . Journal entry worksheet 23 Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Record the closing entries as of December 31,2021 . Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. Record the closing entries as of December 31,2021 . Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits. The December 31,2021 , adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Required: 1. Prepare an income statement for the three months ended December 31,2021 . 2. Prepare a statement of owner's equity for the three months onded December 31, 2021. Hint: The S. Rey, Capital account balance was $0 on October 1 , and owner investments were $72.000 this period. 3. Prepare a classifled balance sheet as of December 31,2021 . 4. Record the closing entries as of December 31,2021 . 5. Prepare a post-closing trial balance as of December 31,2021 . Journal entry worksheet 23 Record the entry to close the revenue account(s). Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Record the closing entries as of December 31,2021 . Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. Record the closing entries as of December 31,2021 . Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits
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