Blender Bottle, Inc. had the following post$-$closing trial balance as of December $31,2022.$

$\backslash$table$[[$Blender Bottle, Inc$],[$Post Closing Trial Balance$],[12/31/2022],[,$Debit,Credit$],[$Cash$,46,525,],[$Accounts Receivable,$2,300,],[$Inventory$,1,200,],[$Supplies$,5,000,],[$Store Equipment,$21,000,],[$Accumulated $-$ Store Equip,,$8,000],[$Accounts Payable,,$2,000],[$LT Note Payable $-$ Bank,,$25,000],[$Common Stock,,$18,000],[$Retained Eamings,,$23,025],[76,025,76,025]]$

Ultimate Blender Bottle, Inc had the following transactions during $2023$:

Feb $10$ Purchased supplies on account for $$3,125$

Mar $10$ Paid off Invoice for Supplies purchased on $2/10/23$

Apr $1$ Issued additional common stock for $$5,000.$

Apr $5$ Purchased $5,000$ plain Bottles at $$4\mathrm{.}40$ per Bottle on account, terms $\frac{2}{10},$ net $30$

Apr $15$ Hired a design company to print their company logo on the bottle for $\mathrm{.}30$ per Bottle

Apr $16$ Purchased blender ball whisks to be inserted into each of our Bottles. These were $\mathrm{.}75$ per Bottle

May $5$ Paid the invoice of April $5$

May $10$ Sold $1,000$ of our Blender Bottles on account to Muscle Folks, Inc., for $$8$ per Blender Bottle.

May $19$ Received cash from the sale on May $10.$

Jun $1$ Received a $60-$day, $12\%$ note for $$5,000$ from Moira Rose

Jun $30$ Sold $3,000$ Blender Bottles on account to Elite Fitness, Inc., terms $\frac{2}{10},$ n$30,$ for $$8\mathrm{.}25$ per Blender Bottle.

Jun $30$ Paid sales salaries of $$2,700$ and office salaries of $$900,$ utilities of $$300,$ insurance expense of $$1,200,$ rent expense of $2\mathrm{.}000$ and travel expenses of $$250$

July $4$ Received payment from Elite Fitness, Inc $($Paid within $10$ days so use the Sales Discount Account$)$

July $15$ Purchased a Machine to do our own design labels by paying $$5,000$ in cash and signing a $4$ month, $6\%$ note for $$10,000.$

Aug $1$ Received amount owed on June $1$ note, plus interest at the maturity date.

Sep $5$ Purchased land by issuing a $$20,000,12\%$ day note to Dirty Dirt.

Nov $15$ Paid off the Note for Equipment.

Dec $5$ Paid in full the September $5$ note at maturity.

Dec $31$ Declared and paid cash dividend of $$4,000$

Instructions:

Journalize the above transactions and post to the ledger $($T$-$accounts$).$

Based on the above transactions, prepare an Unadjusted Trial balance.

Based on the following information, journalize the adjusting entries in your Unadjusted Trial balance and prepare an Adjusted Trial Balance as of December $31,$ of the current year:

a$.$ Accrued Sales Revenue, $$9,600$

b$.$ Accrued Salaries for a $2-$day period ending Dec ${31}^{st}.$ Salaries of $$1,500$ are typically paid weekly for a $5-$day work week.

c$.$ Accrued annual Interest expense for the $5yr,2\%$ Long Term Note Payable from the Bank.

d$.$ A physical count of supplies showed $$300$ left on hand.

e$.$ Depreciation is computed as follows:

$\backslash$table$[[$Asset$,$Cost,Residual,Value Acquisition Date,$\backslash$table$[[$Useful Life$],[$in Years$]],\backslash$table$[[$Depreciation Method$],[$Used$]]],[$d$,$$$20,000,$$$,0$ Sept $5,2023,x,$Not Depreciable$],[$chine$,15,000,,3,000$ July $15,2023,5,$Straight$-$line$],[$re Equip.,$21,000,,1,000$ January $3,2021,5,$Straight$-$line$]]$

Using your adjusted Trial Balance, prepare an income statement, statement of retained earnings and balance sheet for December $31$ of the current year.

Answer the questions on the last tab

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