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Bennett Fabric Store Trial Balance as of 12/31/2023 Account Debit Credit Cash 100,000 Accounts Receivable 20,000 Inventory 15,000 Prepaid Expense 4,000 Investments 10,000 Land 24,300

Bennett Fabric Store
Trial Balance as of 12/31/2023
Account Debit Credit
Cash 100,000
Accounts Receivable 20,000
Inventory 15,000
Prepaid Expense 4,000
Investments 10,000
Land 24,300
Buildings 250,000
Equipment 50,000
Accumulated depreciation 5,000
Intangible Assets 4,000
Accumulated Amortization 200
Accounts Payable 30,000
Notes Payable 17,000
Long Term Debt 200,000
Paid in Capital 10,000
Retained Earninds 18,000
Sales Revenue 1,000,000
Cost of Goods Sold 200,000
Salaries Expense 357,700
Interest Expense 20000
Depreciation Expense 5,000
Amoritization Expense 200
Interest Income 20,000
Interest Expense 240,000
1,300,200 1,300,200
"Notes 1. Bennett Fabric Store paid for their insurance on 6/1/2023 for 18 months. 2. The Investments include a Certificate of Deposit for $2,000 maturing 1/15/24."

Convert trial balance to balance sheet and income statement plz

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