Below appears the Balance Sheet of Alphabet Ltd$.$ as of December $31,2022($amounts are in

thousands$).$

Alphabet Ltd$.-$ Balance Sheet as of December $31,2022$

Assets

Cash $100,000$

Accounts Receivable $80,000$

Merchandise Inventory $44,000$

Prepaid Rent $6,000$

Equipment $100,000$

Accumulated depreciation

of Equipment $(10,000)$

TOTAL ASSETS $320,000$

Liabilities and Owner$$s Equity

Accounts Payable $40,000$

Notes Payable $40,000$

Total Liabilities $80,000$

Paid$-$in Capital $160,000$

Retained Earnings $80,000$

Total Owner$$s Equity $240,000$

TOTAL LIABILITIES $+$

OWNER$$S EQUITY $320,000$

During the $2023$ fiscal year, the company undertook the following transactions:

$1.$ January $8$th$.$ The company collected all outstanding accounts receivable from $2022.$

$2\mathrm{.}1.$ March $31$st$.$ The prepaid rent on the balance sheet at the end of $2022$ was used for the

rent of the warehouse of the first $3$ months of $2023.$

$2\mathrm{.}2.$ April $2$nd

$.$ Alphabet paid $$24,000$ to its property owner in advance for the rent $($$$18,000$

for the last $9$ months of $2023$ and the rest for the first $3$ months of $2024).$

$3.$ April$30$th

$.$ During the first quarter of the year, the company had cash sales of $$200,000.$

$4.$ December $31$st$.$ Total wages expense in $2023$ amounted to $$80,000$ but only $$70,000$

had been paid by the year$-$end.

$5.$ December $31$st$.$ The ending balance of merchandise inventory on December $31$st$,2022,$

was $$35,000.$

Required: $($Solve the exercise on the ANSWER SHEET$)$

a$)$ Prepare the journal entries and the general ledger entries for the $2023$ fiscal year.

$($Note that some adjustments may be needed$)(5+2$ points$).$

b$)$ Prepare the Trial Balance as of December $31,2023.(2$ points$).$ In accordance with the question series and their data seen above, I would like to receive further explanation, step by step, regarding how the $\text{'}\text{'}$Cash recorded on the date of December $31,2023\text{'}\text{'}$ has to be measured$/$calculated accurately since I have only come up with $186,000$ and $212,000$ although the first answer provider had provided me with the Cash value of $214,000$ in the Trial Balance as of December $31,2023.$