Enter amounts into the Financial Statements by typing in Do NOT copy cells from the General Ledger or Pre-Closir \begin{tabular}{|c|l|l|l|} \hline \multicolumn{3}{|c|}{ OPJ's - March 31, 2023 Post-Closing Trial Balance } \\ \hline Account \# & \multicolumn{1}{|c|}{ Account Name } & Debit & Credit \\ \hline 100 & Cash - Big Bank & & \\ \hline 105 & Cash - Little Bank & & \\ \hline 110 & Accounts Receivable & & \\ \hline 120 & Inventory & & \\ \hline 150 & Equipment & & \\ \hline 200 & Accounts Payable & \\ \hline 210 & Note Payable - Big Bank & & \\ \hline 215 & Note Payable - Little Bank & & \\ \hline 220 & Interest Payable - Big Bank & & \\ \hline 225 & Interest Payable - Little Bank & & \\ \hline 300 & Common Stock & & \\ \hline 305 & Retained Earnings & & \\ \hline 400 & Sales Revenue & & \\ \hline 500 & Cost of Goods Sold & & \\ \hline 510 & Rent Expense & & \\ \hline 515 & Wages Expense & & \\ \hline 520 & Interest Expense & \\ \hline & & & \\ \hline \end{tabular} Enter amounts into the Balance She Do NOT copy cells from the General Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Big Bank. (As an example of how to journaize and post a transaction - this transaction has already been entered. into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Take $4,050,00 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer - selling price $92,000.00 - cost of inventory sold $24,000,00 The customer pays cash. The cash is deposited into Little Bank. March 15 Take $20,250.00 cash out of Little Bank to pay employees for wages they have eamed. March 16 Purchase $87,500.00 of additional inventory. OPJ will pay the manufacturer 50% of the $87,500.00 in 10 days. OPJ will pay the remaining 50% in 30 days March 17 Sale of inventory to a customer - selling price $120,000.00 - cost of the inventory 50 ld $30,000,00 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer - selling price $159,000,00 cost of the inventory sold $42,000.00 The customer pays $59,000,00 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $42,500.00 cash. The cash is tiken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16 th purchase of inventory. The cash is taken out of Big Bank. March 30 Take $22,000.00 cash out of Little Bank to pay employees for wages they have eamed. Additional Information Note Payable Interest due to Big Bank on the Note Payable for the month of March is $725.00. As of March 31 Big Bank: OPJ owes Big Bank a total of $1,325.00 Interest will be paid to Big Bank in June. \begin{tabular}{|c|l|r|r|} \hline Account \# & \multicolumn{1}{|c|}{ Account Name } & \multicolumn{1}{c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline 100 & Cash - Big Bank & 143,000.00 & 194,500.00 \\ \hline 105 & Cash - Little Bank & 151,000.00 & 20,250.00 \\ \hline 110 & Accounts Receivable & 220,000.00 & 88,000.00 \\ \hline 120 & Inventory & 130,000.00 & 66,000.00 \\ \hline 150 & Equipment & 0.00 & 0.00 \\ \hline 200 & Accounts Payable & 87,500.00 & 87,500.00 \\ \hline 210 & Note Payable - Big Bank & 0.00 & 0.00 \\ \hline 215 & Note Payable - Little Bank & 60,000.00 & 0.00 \\ \hline 220 & Interest Payable - Big Bank & 0.00 & 0.00 \\ \hline 225 & Interest Payable - Little Bank & 450.00 & 0.00 \\ \hline 300 & Common Stock & 0.00 & 55,000.00 \\ \hline 305 & Retained Eamings & 0.00 & 0.00 \\ \hline 400 & Sales Revenue & 0.00 & 371,000.00 \\ \hline 500 & Cost of Goods Sold & 66,000.00 & 0.00 \\ \hline 510 & Rent Expense & 4,050.00 & 0.00 \\ \hline 515 & Wages Expense & 42,250.00 & 0.00 \\ \hline 520 & Interest Expense & 725.00 & 0.00 \\ \hline & & 904,975.00 & 882,250.00 \\ \hline & & & \\ \hline \end{tabular} Enter amounts into the Financial Statements by typing in Do NOT copy cells from the General Ledger or Pre-Closir \begin{tabular}{|c|l|l|l|} \hline \multicolumn{3}{|c|}{ OPJ's - March 31, 2023 Post-Closing Trial Balance } \\ \hline Account \# & \multicolumn{1}{|c|}{ Account Name } & Debit & Credit \\ \hline 100 & Cash - Big Bank & & \\ \hline 105 & Cash - Little Bank & & \\ \hline 110 & Accounts Receivable & & \\ \hline 120 & Inventory & & \\ \hline 150 & Equipment & & \\ \hline 200 & Accounts Payable & \\ \hline 210 & Note Payable - Big Bank & & \\ \hline 215 & Note Payable - Little Bank & & \\ \hline 220 & Interest Payable - Big Bank & & \\ \hline 225 & Interest Payable - Little Bank & & \\ \hline 300 & Common Stock & & \\ \hline 305 & Retained Earnings & & \\ \hline 400 & Sales Revenue & & \\ \hline 500 & Cost of Goods Sold & & \\ \hline 510 & Rent Expense & & \\ \hline 515 & Wages Expense & & \\ \hline 520 & Interest Expense & \\ \hline & & & \\ \hline \end{tabular} Enter amounts into the Balance She Do NOT copy cells from the General Date Description of the Transaction March 1 Owners of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Big Bank. (As an example of how to journaize and post a transaction - this transaction has already been entered. into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Take $4,050,00 cash out of Big Bank to pay for March's rent. March 2 The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank. March 10 Sale of inventory to a customer - selling price $92,000.00 - cost of inventory sold $24,000,00 The customer pays cash. The cash is deposited into Little Bank. March 15 Take $20,250.00 cash out of Little Bank to pay employees for wages they have eamed. March 16 Purchase $87,500.00 of additional inventory. OPJ will pay the manufacturer 50% of the $87,500.00 in 10 days. OPJ will pay the remaining 50% in 30 days March 17 Sale of inventory to a customer - selling price $120,000.00 - cost of the inventory 50 ld $30,000,00 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer - selling price $159,000,00 cost of the inventory sold $42,000.00 The customer pays $59,000,00 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $42,500.00 cash. The cash is tiken out of Big Bank. March 26 Pay the manufacturer the 50% due on the March 16 th purchase of inventory. The cash is taken out of Big Bank. March 30 Take $22,000.00 cash out of Little Bank to pay employees for wages they have eamed. Additional Information Note Payable Interest due to Big Bank on the Note Payable for the month of March is $725.00. As of March 31 Big Bank: OPJ owes Big Bank a total of $1,325.00 Interest will be paid to Big Bank in June. \begin{tabular}{|c|l|r|r|} \hline Account \# & \multicolumn{1}{|c|}{ Account Name } & \multicolumn{1}{c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline 100 & Cash - Big Bank & 143,000.00 & 194,500.00 \\ \hline 105 & Cash - Little Bank & 151,000.00 & 20,250.00 \\ \hline 110 & Accounts Receivable & 220,000.00 & 88,000.00 \\ \hline 120 & Inventory & 130,000.00 & 66,000.00 \\ \hline 150 & Equipment & 0.00 & 0.00 \\ \hline 200 & Accounts Payable & 87,500.00 & 87,500.00 \\ \hline 210 & Note Payable - Big Bank & 0.00 & 0.00 \\ \hline 215 & Note Payable - Little Bank & 60,000.00 & 0.00 \\ \hline 220 & Interest Payable - Big Bank & 0.00 & 0.00 \\ \hline 225 & Interest Payable - Little Bank & 450.00 & 0.00 \\ \hline 300 & Common Stock & 0.00 & 55,000.00 \\ \hline 305 & Retained Eamings & 0.00 & 0.00 \\ \hline 400 & Sales Revenue & 0.00 & 371,000.00 \\ \hline 500 & Cost of Goods Sold & 66,000.00 & 0.00 \\ \hline 510 & Rent Expense & 4,050.00 & 0.00 \\ \hline 515 & Wages Expense & 42,250.00 & 0.00 \\ \hline 520 & Interest Expense & 725.00 & 0.00 \\ \hline & & 904,975.00 & 882,250.00 \\ \hline & & & \\ \hline \end{tabular}