Unadjusted Trial Balance December 31, 2022 Credit Debit 4,640 4,045 2,820 460 7,350 1,825 1,615 875 110 130 135 140 160 161 210 230 240 245 260 310 320 410 505 508 515 527 540 550 563 570 Cash Accounts receivable Inventory Supplies Equipment Accumulated depreciation Accounts payable Uneamed revenue Wages payable Interest payable Notes payable Owner, capital Owner, drawings Sales revenue Cost of goods sold Advertising expense Depreciation expense Interest & bank charges Repairs expense Supplies expense Telephone expense Wages expense Totals 6,000 10,250 4,895 18,965 10,850 780 1,675 290 200 315 450 760 39,530 39,530 Adjusting Journal entries at December 31, 2022 1. Depreciation expense on the equipment for December has been correctly calculated to be $145. 2. Based on a year-end count, there was $155 worth of office supplies remaining on December 31" 3. 31 days of interest expense has accrued on the note payable and must be recorded. The annual interest rate is 6%. Round the interest amount to the nearest full dollar. 4. All of the unearned revenue previously recorded has now been fully earned 5. The casual employee worked two days prior to year-end (December 30 and 31) and will be paid $105 on January 5. 6. Your final adjusting journal entry will be to record the reconciling items from the December 31" bank reconciliation. Before recording this adjusting journal entry, you need to complete the bank reconciliation using the information below. $ 2.875 $ 4,640 Information Required for the December 31, 2022 Bank Reconciliation: Cash balance per Bank Statement as of December 31, 2022 Cash balance per General Ledger (before bank reconciliation adjustments) Reconciling Items Deposit in transit $ 1,880.00 Outstanding cheque Outstanding cheque Monthly bank service charge Bank service charge (cheque printing) $ 65.00 #322 #320 $ 85.00 $ 105.00 $ 10.00 Instructions - Using the same Excel file you used in Part 5 (corrected, if necessary): a. Record the adjusting journal entries for December. Continue using the same General Journal from Part 5 b. Prepare the December 31" Bank Reconciliation c Record the final adjusting journal entries resulting from the bank reconciliation from part b. d. Post all adjusting journal entries to the General Ledger. Contrainthos Serteret der e. Prepare the Adjusted Trial Balance as of December 31, 2022. f. Prepare the financial statements for the year ending December 31, 2022: Income Statement Statement of Owner's Equity Balance Sheet Assume owner investment in 2022 is $7,316
