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Business, 05.04.2021 23:40 meje1301

The December 31, 2019, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2019) follows. NoAccount TitleDebitCredit 101Cash$51,534 106Accounts receivable 5,568 126Computer supplies 620 128Prepaid insurance 1,575 131Prepaid rent 795 163Office equipment 8,200 164Accumulated depreciation—Office equipment $410 167Computer equipment 21,600 168Accumulated depreciation—Computer equipment 1,350 201Accounts payable 1,600 210Wages payable 400 236Unearned computer services revenue 1,800 301S. Rey, Capital 69,000 302S. Rey, Withdrawals 7,000 403Computer services revenue 39,214 612Depreciation expense—Office equipment 410 613Depreciation expense—Computer equipment 1,350 623Wages expense 3,575 637Insurance expense 525 640Rent expense 2,385 652Computer supplies expense 3,625 655Advertising expense 2,738 676Mileage expense 809 677Miscellaneous expenses 240 684Repairs expense—Computer 1,225 901Income summary 0 Totals$113,774 $113,774 Required: 1. Record the closing entries as of December 31, 2019. 2. Prepare a post-closing trial balance as of December 31, 2019.

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