ot Albert Enterprises Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Prepaid Rent Inventory Machinery & Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Unearned Income Long-term Notes Payable Common Stock Dividends Paid Revenues Cost of Goods Sold Depreciation Expense Selling Expense Administration Expense Office Salaries Expense Other Expense Interest Expense Totals $ DR 12,800 30,000 1,000 39,800 100,000 1,000 $ CR 12,000 49,000 450 10,500 99,500 10,000 57,500 30,200 12,000 5,000 5,500 400 750 500 $ 238,950 $ 238,950 The following items have not been recorded in the above financial numbers: 1. Allowance for Doubtful Accounts has been calculated at $1,000. 2. Income Taxes Payable of $5,000 has not been recorded. 3. Albert purchased a new copier costing $5,000 at the end of June and placed it into serv The expected life of the copier is 5 years and the company uses straight line depreciatio 4. The company issued a bond payable at the end of the year for $9,000; it is due in 2033, 5. The company incurred an uninsured flood loss in the amount of $15,000 for one of the completely which will now need to be scrapped. The cost of the machine was $20,000 a After making the proper adjusting entries; prepare, in good format, an Income Statement year ended December 31, 2023. 1

Albert Enterprises) Unadjusted Trial Balance December 31, 2023 DR CR Cash 5 12.800 Accounts Receivable 30.000 Prepaid Rent 1,000 Inventory 39,800 Machinery & Equipment 100,000 Accumulated Depreciation 5 12,000 Accounts Payable 49,000 Accrued Expenses 450 Unearned Income 10,500 Long-term Notes Payable 99,500 Common Stock 10,000 Dividends Paid 1000 Revenues 57,500 Cost of Goods Sold 30,200 Depreciation Expense 12,000 Selling Expense 5,000 Administration Expense 5,500 Office Salaries Expense 400 Other Expense 750 Interest Expense 500 Totals $ 238,950 $238,950 The following items have not been recorded in the above financial numbers: 1. Allowance for Doubtful Accounts has been calculated at $1,000. 2. Income Taxes Payable of $5,000 has not been recorded. 3. Albert purchased a new copier costing $5,000 at the end of June and placed it into serv The expected life of the copier is 5 years and the company uses straight line depreciatio 4. The company issued a bond payable at the end of the year for $9,000; it is due in 2033 5. The company incurred an uninsured flood loss in the amount of $15,000 for one of the completely which will now need to be scrapped. The cost of the machine was $20,000 a After making the proper adjusting entries; prepare, in good format, an Income Statement year ended December 31, 2023.