Question: please help answer this accouting question based of the screenshot. ( its asking for a chart but it didnt let me upload a picture so
please help answer this accouting question based of the screenshot.
its asking for a chart but it didnt let me upload a picture so i copy pasted it: The adjusted trial balance of Karise Repairs on December follows.
KARISE REPAIRS
Adjusted Trial Balance
December
Number Account Title Debit Credit
Cash $
Office supplies
Prepaid insurance
Equipment
Accumulated depreciationEquipment $
Accounts payable
Wages payable
C Karise, Capital
C Karise, Withdrawals
Services revenue
Depreciation expenseEquipment
Wages expense
Insurance expense
Rent expense
Office supplies expense
Utilities expense
Totals $ $
Note: C Karise, Capital account balance was $ on December of the prior year, and there were no owner investments during the year.
Required:
a Prepare an income statement for the year.
b Prepare a statement of owner's equity for the year.
c Prepare a classified balance sheet at December
Prepare the December closing entries.
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