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In: AccountingSerial Problem Business Solutions LO P2, P3The December 31, 2017, adjusted trial balance of Business...Serial Problem Business Solutions LO P2, P3The December 31, 2017, adjusted trial balance of BusinessSolutions (reflecting its transactions from October throughDecember of 2017) follows.  NoAccountTitleDebitCredit101Cash$50,801106Accountsreceivable5,568126Computersupplies620128Prepaidinsurance1,530131Prepaidrent750163Officeequipment8,900164Accumulateddepreciation—Office equipment$445167Computerequipment22,400168Accumulateddepreciation—Computer equipment1,400201Accountspayable2,000210Wagespayable460236Unearnedcomputer services revenue2,100301S. Rey,Capital64,000302S. Rey,Withdrawals7,600403Computerservices revenue44,944612Depreciationexpense—Office equipment445613Depreciationexpense—Computer equipment1,400623Wagesexpense3,675637Insuranceexpense510640Rentexpense2,250652Computersupplies expense4,025655Advertisingexpense2,678676Mileageexpense852677Miscellaneousexpenses170684Repairsexpense—Computer1,175901Incomesummary0Totals$115,349$115,349Required:1. Record the closing entries for BusinessSolutionss.2. Prepare a post-closing trial balance as of December 31, 2017