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newconnect.mheducation.com/flow/connect.html B Blackboard NetTutor . Outlook M Gmail Netflix It Hulu ) Disney+ Pennfoster CTC ) Darden Credit Uni... Cengage Sign In Chapter 4 End of Chapter Problems Saved Help Save & ch 5 KARISE REPAIRS Partial Work Sheet For Year Ended December 31 6.66 Closing Post-Closing points Adjusted Trial Balance Entry Information Trial Balance No. Account Title Dr. CF. Dr. Dr. Cr. eBook 101 Cash $ 106,000 Print 124 Office supplies 1,300 References 128 Prepaid insurance 2,100 167 Equipment 53,000 168 Accumulated depreciation-Equipment $ 5,300 201 Accounts payable 16,000 210 Wages payable 900 301 C. Karise, Capital 39,000 302 C. Karise, Withdrawals 18,500 401 Repair fees earned 186,300 612 Depreciation expense-Equipment 5,300 623 Wages expense 12,000 637 Insurance expense 1,100 640 Rent expense 11,000 650 Office supplies expense 3, 100 690 Utilities expense 4,100 901 Income summary Total $ 247,500 $ 247 500 $ O S O $ o $ 0 Required ic Required 3 Mc Graw Darden Credit Uni... 1 Cengage Sign In board ter 4 End of Chapter Problems i Help Save & E Chec D KARISE REPAIRS Adjusted Trial Balance December 31 No. Account Title Debit Credit 101 Cash $106, 000 124 Office supplies 1, 300 128 Prepaid insurance 2 , 100 167 Equipment 53,000 168 Accumulated depreciation-Equipment 5, 300 201 Accounts payable 16 ,000 Book 210 Wages payable 900 301 C. Karise, Capital 39,000 302 C. Karise, Withdrawals 18 , 500 401 Repair fees earned 186, 300 612 Depreciation expense-Equipment 5,300 623 Wages expense 42, 000 637 Insurance expense 1, 100 640 Rent expense 11,000 650 Office supplies expense 3 , 100 690 Utilities expense 4, 100 Totals $247, 500 $247, 500 Note. C. Karise, Capital was $39,000 on December 31 of the prior year Required: la. Prepare an income statement for the year. b. Prepare a statement of owner's equity for the year. 1c. Prepare a classified balance sheet at December 31. 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three and four for closing entry information and the last two columns for a post-closing trial balance. 3. Using information from the work sheet in Requirement 2, prepare the appropriate closing entries. Complete this question by entering your answers in the tabs below.