The December 31, 2011, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2011) follows.

Required
1. Record and post the necessary closing entries for Business Solutions.
2. Prepare a post-closing trial balance as of December 31,2011.

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Account Title Debit Credit 10 Cash 06 Accounts receivablei 126 Computer supplies.... 128 Prepaid insurance rent WO444 163 Office equipment S 400 167 Computer equipment... 1,500 73,000 236 Unearned computer services revenue . 30 S. Rey. Capital 302 .Rey. Withdrawals 403 Computer services revenue 612 Depreciation expense Office equipment equipment 640 Rent expense 652 Computer supplies expense ····· .. 0 $109034 $109.034 Totals ..