le Chrome File View Edit History Bookmarks Profiles MGmail Tab Window Help x QuickLaunchSSO :: Single Sig X M Question 12-Mid-Term Exam x On December ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... C Inbox (240) - abigailoforiwaal X Mid-Term Exam Saved Help 16 UJJ 676 Mileage expense 677 Miscellaneous expenses 12 684 Repairs expense-Computer 901 Income summary Totals Ask Mc Graw Hill 2,533 866 190 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 balance was $0 on October 1, and owner investments were $64,000 this period. 3. Prepare a classified 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a classified balance sheet as of December 31, 2021. BUSINESS SOLUTIONS Current assets Cash Accounts receivable ← с Balance Sheet December 31, 2021 Assets 5 $ 49,842 6,168 < Prev 12 of 13 Next > tv♫ MacBook Pro G Search or type URL Aa me File Edit View History Bookmarks Profiles Tab Window Help box (240) - abigailoforiwaa x M Gmail x QuickLaunchSSO :: Single Sig X M Question 12 - Mid-Term Exam On Decembe ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Term Exam i 2 Saved Help The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Number Account Title 101 Cash 106 Accounts receivable Ask 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 612 Computer services revenue 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 W Debit $ 49,842 Credit 6,168 670 1,440 795 8,100 $ 405 22,000 1,375 1,300 460 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. A < Prev 12 of 13 Next > tv MacBook Pro -> C Search or type URI Aa