The opening balance sheet of the The Snoball Stand on February $1,$

$2023$ is as follows:

Liabilities and Owners' Equity

Liobilities

Owners' Equity

Contributed Capital

Accumulated Deficit

Total Owners' Equity

Total Liabilities and Owners' Equity

The Snoball Stand's grand opening was on February $1,2023!$ The stand is open Wednesday through Sunday each week from $12$ pm to $4$ pm$.$

During February and March $2023,$ the following occured:

Trans # Date Description

$12/1/2023$ Purchased an insurance policy for the Snoball Stand at a cost of $$60.$ The policy period runs $2/1/23$ to $1/31/24.$

$22/1/2023$ Hired an employee who earns $$20$ per day.

$32/1/2023$ Purchased supplies $($cups$,$ spoons, straws, etc.$)$ for $$200.$

$42/15/2023$ Paid employee for work performed from $2/1-2/15.$

$53/15/2023$ Purchased an additional $60$ bottles of snoball syrup from the Snoball Stand Supply Store for $$3$ per bottle.

$63/15/2023$ Paid employee for work performed from $2/15-3/14.$

$7**2/1-3/31$ Sold $1,000$ snoballs for $$1\mathrm{.}50$ each, using $40$ bottles of snoball syrup.

Additional information:

$*$Sales would be recorded daily, but we'll just record one big entry for the month.

$-$At March $31,$ there were $13$ days of unpaid wages.

$-$The bank loan accrues interest at a rate of $12\%$ per year.

$-$At March $31,$ $$40$ of supplies remained.

$-$For simplicity, we will ignore depreciation on the snoball stand, equipment, and signage for the moment. Complete the following:

Prepare journal entries for transactions occurring between February $1$ and March $31$

Post journal entries to ledger accounts;

Prepare an unadjusted trial balance as of March $31$

Prepare and post adjusting journal entries at March $31$

Prepare an adjusted trial balance as of March $31$

Prepare and post a closing journal entry;

$.$ Prepare a post$-$closing tria balance;

Prepare a balance sheet for The Snoball Stand as of March $31,2023.$

Journal Entries

Adjusting Journol Entries Trial Balance Closing Journal Entry

Total Assets

Liabilities and Owners' Equity

Liabilities

Total Liabilities

Owners' Equity

Total Owners' Equity

Total Liabilities and Owners' Equity

For anyone willing to help, this is an optional practice assignment. I need to be able to see sort of where each number comes from. The formatting is not very important