Following is Jack's trial balance for calendar year $2023$through December $20$th$.$This trial balance does not reflect the transactions that occurred during the last $11$days of the year or adjustments that are necessary, as described by the additional information below. The Loan payable is due in $48$months $($hint: current or non current$).$

Exam $1$

Jack, Inc.

Trial Balance

As of December $20,2023$

Debits

Credits

Cash

$ $25,400$

$ $-$

Accounts receivable

$13,000$

$-$

Supplies

$10,770$

$-$

Inventory

$21,000$

$-$

Equipment

$44,000$

$-$

Accumulated depreciation

$-$

$-$

Accounts payable

$-$

$22,000$

Rent payable

$-$

$-$

Loan payable

$-$

$33,500$

Interest payable

$-$

$-$

Capital stock

$-$

$16,000$

Retained earnings

$-$

$21,020$

Sales

$-$

$60,570$

Sales $-$Discounts

$-$

$-$

Cost of goods sold

$4,020$

Rent expense

$9,000$

$-$

Salaries expense

$20,000$

$-$

Supplies expense

$-$

$-$

Depreciation expense

$-$

$-$

Interest expense

$500$

$-$

Utilities expense

$5,400$

$-$

$ $153,090$

$ $153,090$

$$A $=$$$36,000$B $=3$C $=$$$33,500$D $=$$$1,450$E $=$$$1,400$

The company received payment to settle a $$11,000$Account receivable on December $21.$The terms of the receivable were B$/10,$N $30$and the payment reflected that it was within the discount period.

On Dec $22,$the company settled with cash a $$16,000$Account payable with a vendor who sold the company inventory on December $18($the balance is included in Accounts payable at Dec $20).$The terms of the payable were B$/10,$N $30$and the payment reflected that it was within the discount period.

The company sold C of toy mice on December $22.$The terms of the sale were B$/10,$N $30.$The cost $($inventory$)$of the mice was $$2,500.$

The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December $30$th for A

The equipment was purchased near the beginning of the year. D of its cost expired this year.

Interest of E is owed on December $31,$but has not been recorded.

Supplies on hand at year end were counted, and amount to $$2,000.$

December's rent of $$2,000$is owed, but has not been recorded$\mathrm{.}000$Account receivable on December $21.$The terms of the receivable were B$/10,$N $30$and the payment reflected that it was within the discount period.

On Dec $22,$the company settled with cash a $$16,000$Account payable with a vendor who sold the company inventory on December $18($the balance is included in Accounts payable at Dec $20).$The terms of the payable were B$/10,$N $30$and the payment reflected that it was within the discount period.

The company sold C of toy mice on December $22.$The terms of the sale were B$/10,$N $30.$The cost $($inventory$)$of the mice was $$2,500.$

The company's president, Elizabeth, decided the company needed more capital, so she sold more stock on December $30$th for A

The equipment was purchased near the beginning of the year. D of its cost expired this year.

Interest of E is owed on December $31,$but has not been recorded.

Supplies on hand at year end were counted, and amount to $$2,000.$

December's rent of $$2,000$is owed, but has not been recorded.