4) Zoe & Lorelei's Nail Plus Supply Company (Z&L) has the following Unadjusted Trial Balance for its year-end, December 31st, 2022.10 pils her Unadjusted Trial Balance Accounts 101- Bank Account 102-Accounts Receivable 103- Inventory 104-Prepaid Rent 105- Prepaid Utilities 106- PP&E 107- Accumulated Depreciation - PP&E 201- Accounts Payable 202-Wages Payable 203-Bank Loan 300-Capital / Equity 301- Investments 302-Withdrawals 401 Revenue 501- Cost of Goods Sold 502- Rent Expense 503-Utilities Expense 504-Wages Expense 505-Depreciation Expense DR 75,000 7,500 45,000 2,000 500 167,000 Totals 81,250 12,000 1,500 3,000 394,750 CR 33,400 25,000 10,000 50,000 136,350 15,000 125,000 10:berimpos 394,750 9005 1457581 During the completion of the financial statements for 2022 several items were noticed that were NOT recognized in 2022. a) Inventory that was ordered on December 15th, 2022, was delivered on January 3rd, 2023, and was paid for on January 15th, 2023. The cost of the inventory was $10,000. b) Z&L's workers earned $1,500 of wages during the last week of 2022, but the expense was not recognized. Due to the payroll cycle (when employees are paid), the employees will not get paid for this work until January 7th, 2023. c) On December 7th, 2022 a sales order was received by Z&L for 10 units. The order was delivered to the customer on January 7th, 2023. The revenue associated with the order was $15,000 and the cost of the inventory sold was $11,500. d) Inventory that was ordered on November 29th, 2022, was delivered on December 20th, 2022, and was paid for on January 15th, 2023. The cost of the inventory was $7,500. e) No depreciation was recorded for the period, but should have been. There is only one asset in PP&E and has an expected economic life (will last) of 10 years. Straight-line depreciation method is used by Z&L.

4) Zoe \& Lorele's Nail Plus Supply Company (ZRL) has the following Unadjusted Trial natame for its yearend, December 31,2022. During the completion of the financial statements for 2022 severa niems were noticed that were NOT recognized in 2022. a) Inventory that was ordered on December 15th,2022, was delivered on January 3ss,2023, and was paid for on January 15th,2023. The cost of the inventory was $10,000. b) Z\&L's workers eamed $1,500 of wages during the last week of 2022 , but the expense was not recognized. Due to the payroll cycle (when employees are paid), the employees will not get paid for this work until January 7th,2023. c) On December 7th,2022 a sales order was received by Z&L for 10 units. The order was delivered to the customer on January 7th,2023. The revenue associated with the order was $15,000 and the cost of the inventory sold was $11,500. d) Inventory that was ordered on November 29th,2022, was delivered on December 20th,2022. and was paid for on January 15th,2023. The cost of the inventory was $7,500. e) No depreciation was recorded for the period, but should have been. There is only one asset in PP\&E and has an expected economic life (will last) of 10 years. Straight-line depreciation method is used by Z&L. 4) Zoe \&e Lorelei's Nail Plus Supply Company (7.E.) has the following Unadjusted Trial Ralane for its year-end, December 31,2022 During the completion of the financial statements for 2022 several items were noticed that were NOT recognized in 2022. a) Inventory that was ordered on December 15th,2022, was delivered on January 3rd,2023, and was paid for on January 15th,2023. The cost of the inventory was $10,000. b) Z\&L's workers earned $1,500 of wages during the last week of 2022 , but the expense was not recognized. Due to the payroll cycle (when employees are paid), the employees will not get paid for this work until January 7th+2023. c) On December 7th,2022 a sales order was received by Z\&L for 10 units. The order was delivered to the customer on January 7th,2023. The revenue associated with the order was $15,000 and the cost of the inventory sold was $11,500. d) Inventory that was ordered on November 29th,2022, was delivered on December 20th,2022, and was paid for on January 15th,2023. The cost of the inventory was $7,500. e) No depreciation was recorded for the period, but should have been. There is only one asset in PP\&E and has an expected economic life (will last) of 10 years. Straight-line depreciation method is used by Z\&L. Required: 1) Prepare the necessary JOURNAL ENTRIES for each transaction that should be recognized in 2022. Ignore all transactions for 2023 (NO TRANSACTION). 2) Accounting for any changes to Z\&L's Unadjusted Trail Balance, prepare the FORMAL financial statements for company: Statement of Financial Position (Balance Sheet); Income Statement; Statement of Equity