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Grouper Corp.s unadjusted trial balance at December 1,2022 , is presented below. Accumulated Depreciation-fhaldings Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Notes Payable (due

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Grouper Corp.s unadjusted trial balance at December 1,2022 , is presented below. Accumulated Depreciation-fhaldings Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Notes Payable (due April 30, 2023) 10,100 Incone Taxes Payable Interest Payable Notes Payable (due in 2028) Commonstock Retained Earnings Dividends 12.200 Sales Revenue 984,000 Interest Revenue Gainon Disposal of Plant Assets Bad Debt Expense 0 The following transactions occurred during December. Dec.2 Purchased cquipment for $15,900, plus sales taves of $800 (paid in carh), 2. Grouper sold for $3,600 equipment whichoriginally cost $4,600 Accumulated deareelation on this equipment at January 1, 2022, was $2.000, 2022 depreciationprior to the sale of equipment was 5775. 15 Grouper sold for $5,500 an account imentory that cost $3,790. 23 Salaries and wases of $6.800 were paid for December. Adjustment data: 1. Grouper estimates that uncollectible accounts receivable at year-end are $4,300. 2. The note receivable is a 1-year, 8% note dated April 1, 2022. No interent has been recorded. 3. The balance in prepaid insurance represents payment of a $4.200,6. month premium on 5 eptember 1,2022 . 4. The building is being depreciated using the stralght-fine method over 30 years. The salvage value is $27,000, 5. The equipment owned prior to this year is being depreciated using the straight-line method over 5 yeara. The salvage value is. 10% of cost. 6. The equipment purchased on December 2. 2022, is being depreciated using the straight-line method over 5 years, with a salvoge value of $1,700. 7. The patent was acquired on lanuary 1.2022 and has a useful ite of 9 years from that date. 8. Unpaid salaries at December 31.2022, total $2.300. 9. Both the short.term and long'term notes puyable are dated January 1, 2022, and carry a 100s interest rate. Aal interest is payabie in the next 12 months. salvage value of $1,700. 7. The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date B. Unpaid salaries at December 31,2022 , total $2,300. 9. Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 1095 interest rate. All interest is payable in the next 12 months. 10. Income tax experse was $14,000. It was unpaid at December 31. (a) Preparejournal entries for the transactions listed above and adjusting entries. (Credit account titles are cutomatioally indented when amourt is entered. Do not indent manually. If no entry is repuired, select "No Entry" for the account titler and enter O for the amcunts. Record joumal entries in the ander presented in the problem) Prepare an adjusted trial balance at December 31, 2022

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