Oriole Corporations trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below.

		Debit		Credit
Cash		$28,050
Accounts Receivable		56,100
Inventory		24,970
Land		71,500
Buildings		104,500
Equipment		44,000
Allowance for Doubtful Accounts				$495
Accumulated DepreciationBuildings				33,000
Accumulated DepreciationEquipment				15,840
Accounts Payable				21,230
Interest Payable				0
Dividends Payable				0
Unearned Rent Revenue				8,800
Bonds Payable (10%)				55,000
Preferred Stock ($20 par)				0
Paid-in Capital in Excess of ParPreferred Stock				0
Common Stock ($10 par)				33,000
Paid-in Capital in Excess of ParCommon Stock				6,600
Retained Earnings				82,555
Treasury Stock		0
Cash Dividends		0
Sales Revenue				627,000
Rent Revenue				0
Bad Debt Expense		0
Interest Expense		0
Cost of Goods Sold		440,000
Depreciation Expense		0
Other Operating Expenses		42,900
Salaries and Wages Expense		71,500
Total		$883,520		$883,520

Unrecorded transactions and adjustments:

1.		On January 1, 2022, Oriole issued 1,100 shares of $20 par, 6% preferred stock for $24,200.
2.		On January 1, 2022, Oriole also issued 1,100 shares of common stock for $25,300.
3.		Oriole reacquired 330 shares of its common stock on July 1, 2022, for $49 per share.
4.		On December 31, 2022, Oriole declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023.
5.		Oriole estimates that uncollectible accounts receivable at year-end are $5,610.
6.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $5,500.
7.		The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $4,400.
8.		The unearned rent was collected on October 1, 2022. It was receipt of 4 months rent in advance (October 1, 2022 through January 31, 2023).
9.		The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded.

(Ignore income taxes.)

(a) Prepare journal entries for the transactions and adjustment listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. 9. e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (b) Prepare an updated December 31, 2022, trial balance, reflecting the journal entries in part(a). ORIOLE CORPORATION Adjusted Trial Balance Debit Credit $ e Textbook and Media List of Accounts Save for later Attempts: 0 of 5 used Submit Answer Prepare a multiple-step income statement for the year ending December 31, 2022. (List other revenues before other expenses.) ORIOLE CORPORATION Income Statement V $ $