14 Marks 0 Credit Debit $27,165 $58,341 $2,850 $16,000 $38,000 $20,000 $6,4001 $110,000 $292,000 $50,000 $7,718 $240,000 $50,000 $65,000 $8,750 $5,200 201 02 Holister Electric Inc. 03 Adjusted Trial Balance 04 December 31, 2021 05 Account Title 506 Cash 07 Accounts Receivable 08 Interest Receivable 09 Prepaid Insurance 10 Short-Term Investment - Daenerys Inc. 11 Short-Term Investments - Bonds 12 Valuation Allowance for Fair Value Adjustme 13 Inventory 14 Investment in Gregor Inc. Common shares 15 Long-Term Investment-Bond 16 Discount on Bonds 17 Property, Plant & Equipment 18 Accumulated Depreciation 19 Accounts Payable 20 Interest Payable 21 Unearned Revenue 22 Premium on Bonds 23 Bonds Payable 24 Bank Loan 25 Common Shares 26 Preferred Shares 27 Retained Earnings 28 Interest Revenue 29 Revenue from Investment in Gregor Inc. 30 Unrealized Gain on Fair Value Adjustment 31 Income Tax Savings - Discontinued Operation 32 Sales Revenue 33 Sales Discounts 34 Sales Returns and Allowances 35 Cost of Goods Sold 36 Depreciation Expense 37 Insurance Expense 38 Interest Expense 39 Loss from Discontinued Operations 40 Maintenance Expense 41 Professional Fees Expense 42 Rent Expense 43 Salaries Expense 44 Telephone Expense 45 Travel Expense 46 Income Tax Expense - Continuing Operations 47 Unrealized Loss on Fair Value Adjustment 548 Total $6,930 $40,000 $75,000 $12,000 $115,700 $2,850 $160,000 $6,400 $4,410 $690,000 $8,000 $10,000 $310,500 $25,000 $2,000 $11,538 $14,700 $9,000 $6,600 $38,000 $75,000 $4,000 $16,700 $102,874 $1,475,310 112 258,756 Holister Electric Inc. 113 Balance Sheet 114 As at December 31, 2021 115 Assests 16 Current Assets 117 Cash $27,165 18 Accounts Receivable 58,341 119 Interest Receivable 2,850 120 Prepaid Insurance 16,000 121 Inventory 110,000 122 Short-Term Investment - Daenery 38,000 23 Short-Term Investments - Bonds 6,400 124 Total current assets 125 126 Long-term Assets 127 Long-Term Investment - Bond $50,000 128 Property, Plant & Equipment (Net 190,000 129 Total Assets 498,756 130 31 Liabilities 132 Current Liabilities 133 Accounts Payable 65,000 134 Interest Payable 8,750 135 Unearned Revenue 5,200 136 Bonds Payable 6,930 37 Bank Loan 40,000 138 Total Current Liabilities 125,880 139 140 141 142 143 144 145 Shareholder's Equity 146 Contributed Captial 147 Investment in Gregor Inc. Commons $292,000 148 Preferred Shares 12,000 149 Common Shares $75,000 150 Total contributed $379,000 151 Retained Earnings $115,700 352 Total Shareholder's Equity $494,700 153 Total Libilities & Shareholder's Equit $620,580