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solve begin{tabular}{|l|l|l|} hline multicolumn{2}{|c|}{Co.AAAlinc.AdJustedTrialBalance} hline Cash & & hline S/R & & hline Lupplies & & hline Land & &
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\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{Co.AAAlinc.AdJustedTrialBalance} \\ \hline Cash & & \\ \hline S/R & & \\ \hline Lupplies & & \\ \hline Land & & \\ \hline Equipment & & \\ \hline Acc Depr. & & \\ \hline Salaries Payable & & \\ \hline Common Shares & & \\ \hline R.E. & & \\ \hline Revenue & & \\ \hline Salaries Exp & & \\ \hline Depr. Exp & & \\ \hline Supplies Exp. & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{Co.AAAInc.ClosingTrialBalance} \\ \hline Cash & & \\ \hline A/R & & \\ \hline Supplies & & \\ \hline Land & & \\ \hline Equipment & & \\ \hline Acc Depr. & & \\ \hline A/P & & \\ \hline Salaries Payable & & \\ \hline Common Shares & & \\ \hline R.E. & & \\ \hline Revenue & & \\ \hline Salaries Exp & & \\ \hline Depr. Exp & & \\ \hline Supplies Exp. & \\ \hline \end{tabular} Transactions and events during 2022 (amounts in thousands of dollars) for Co.AAA: a. Purchased equipment on April 7, paid cash $18. b. Purchased supplies on credit on May 22 , in the value of $36. c. Paid $26 cash on June 3 , for the supplies purchased previously. d. Recognized revenues of $320 on November 12 , Including $80 on account and the remaining collected in cash. e. Recorded salary expense on December 7, $170 paid in cash. f. Issued additional common shares on July 14 , for $46. Data for adjusting entries as of December 31,2022 : g. Salaries, earned by employees, but not yet paid nor recorded by Co.AAA, $24. h. Depreciation for the year on the equipment, $10. i. Supplies on hand as of December 31:$20. Required: 1. Prepare the journal entries from a to i. 2. Post the journal entries to their corresponding T-accounts. 3. Prepare the Adjusted Trial Balance for the year end, which ends on December 31. 4. Prepare the year-end Income Statement, Statement of Retained Earnings, and the Balance Sheet. 5. Prepare all closing journal entries. 6. Post the closing journal entries to their corresponding T-accounts. 7. Prepare the Closing Trial Balance Step by Step Solution
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