POST A TRIAL BALANCE FOR THE JOURNAL ENTRIES AT THE BOTTOM

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		$22,440
Accounts Receivable		44,880
Inventory		19,976
Land		57,200
Buildings		83,600
Equipment		35,200
Allowance for Doubtful Accounts				$396
Accumulated DepreciationBuildings				26,400
Accumulated DepreciationEquipment				12,672
Accounts Payable				16,984
Interest Payable				0
Dividends Payable				0
Unearned Rent Revenue				7,040
Bonds Payable (10%)				44,000
Preferred Stock ($20 par)				0
Paid-in Capital in Excess of ParPreferred Stock				0
Common Stock ($10 par)				26,400
Paid-in Capital in Excess of ParCommon Stock				5,280
Retained Earnings				66,044
Treasury Stock		0
Cash Dividends		0
Sales Revenue				501,600
Rent Revenue				0
Bad Debt Expense		0
Interest Expense		0
Cost of Goods Sold		352,000
Depreciation Expense		0
Other Operating Expenses		34,320
Salaries and Wages Expense		57,200
Total		$706,816		$706,816

	Date	Account title and explanation	Debit	Credit
1	Jan 1, 2022	Cash	$19,360
		Preferred stock [880 shares x $20 par]		$17,600
		Paid-in capital in excess of par-Preferred stock		$1,760
		[To record issuance of preferred stock]
2	Jan 1, 2022	Cash	$20,240
		Common stock [880 shares x $10 par]		$8,800
		Paid-in capital in excess of par-Common stock		$11,440
		[To record issuance of Common stock]
3	Jul 1, 2022	Treasury stock [264 shares x $49 cost]	$12,936
		Cash		$12,936
		[To record purchase ow own shares]
4	Dec 31, 2022	Cash dividends	$6,336
		Dividend payable-Preferred stock [$17,600 x 6%]		$1,056
		Dividends payable-common stock [3,520 x $1.50]		$5,280
		[To record declaration of preferred dividend]

	Date	Account title and explanation	Debit	Credit
5	Dec 31,2020	Bad debt expense [$4,488 - $396 Cr. Beginning]	$4,092
		Allowance for doubtful accounts		$4,092
		[To record bad debt expense]
6	Dec 31,2020	Depreciation Expense [($83,600-$4,400)/30 yrs]	$2,640
		Accumulated depreciation-building		$2,640
		[To record depreciation expense on building]
7	Dec 31,2020	Depreciation Expense [($35,200-$3,520)/10 yrs]	$3,168
		Accumulated depreciation-equipment		$3,168
		[To record depreciation expense on equipment]
8	Dec 31, 2020	Unearned rent revenue	$1,760
		Rent revenue [$7,040 x (3/12)]		$1,760
		[To record rent revenue earned from unearned rent revenue]
9	Dec 31, 2020	Interest expense [$44,000 x 10%]	$4,400
		Interest expense		$4,400
		[To record accrued interest expense]