AL Help xiConnect - Home ogle Chrome File Edit View History Bookmarks. Profiles Tab Window C My Inbox (240) - abigailoforiwas x M Gmail × M Question 13-Mid-Term Exam X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mid-Term Exam Saved 13 Refer to Apple's financial statements in Appendix A to answer the following. Help Save & Exit Skipped Ask 1. For the fiscal year ended September 28, 2019, what amount is credited to Income Summary to summarize its revenues earned? 2. For the fiscal year ended September 28, 2019, what amount is debited to Income Summary to summarize its expenses incurred? 3. For the fiscal year ended September 28, 2019, what is the balance of its Income Summary account before it is closed? 1. Amount credited to income summary 2. Amount debited to income summary 3. Balance in income summary account Mc Graw 5 < Prev 13 of 13 Next > Stv♫ 740 Aa le Chrome File Edit View History Bookmarks Profiles Tab Window Help My Inbox (240)-abigailoforiwaa x | M Gmail WiConnect - Home × M Question 12-Mid-Term Exam × + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... C Mid-Term Exam Mc Graw Hill Saved Help S The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. 12 Number Account Title 101 Cash Debit $ 49,842 Credit 106 Accounts receivable. 126 Computer supplies 128 Prepaid insurance Skipped 131 Prepaid rent 6,168 670 1,440 795 163 Office equipment 8,100 164 Accumulated depreciation-office equipment $ 405 167 Computer equipment 22,000 Ask 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 1,375 1,300 460 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 901 Income summary Totals 1,800 64,000 -6,600 42,524 405 1,375 3,475 480 2,385 3,175 2,653 866 190 1,245 0 $ 111,864 $111,864 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 ended December 31, 2021. Hint: The S. Rey, Capital account bal was $0 on October 1, and owner investments were $64,000 this period. < Prev 12 of 13 Next > 2 5