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Question(s) / Instruction(s):

After the success of the company’s first two months, Santana Rey continues to operate Business Solutions. The November 30, 2011, unadjusted trial balance of Business Solutions (reflecting its transactions for October and November of 2011) follows.
No.    Account Title      Debit    Credit
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Required:
1.    Prepare journal entries to record each of the December transactions and events for Business Solutions.
2.1    Prepare adjusting entries to reflect a through f.
2.2    Post the journal entries to record each of the December transactions and adjusting entries to the accounts in the ledger.
3.    Prepare an adjusted trial balance as of December 31, 2011.
4.    Prepare an income statement for the three months ended December 31, 2011.
5.    Prepare a statement of owner’s equity for the three months ended December 31, 2011.
6.    Prepare a balance sheet as of December 31, 2011.

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