$1.$ Emily contributed $$35,575$ to her business.

$2.$ January $3,2023,$ company paid cash $$27,000$ to rent a manufacturing facility with $$1,800$ for the month of

January and rest for the next $14-$month.

$3.$ Emily$$s Bakery purchased equipment on credit for $$12,000$ from GPC$,$ Inc.

$4.$ Bakery purchased a delivery van in the amount of $$10,000.$

$5.$ On March $31,2023,$ Emily$$s Bakery took out a small business loan of $$55,000$ from UMB, Bank at an

annual interest rate of $5\mathrm{.}52\%$ and agrees pay the bank in full including interest on January $31,2024.$

$6.$ On March $10,2023,$ Bakery borrowed a non$-$interest$-$bearing loan from Emily in the amount of $$5,000.$

$7.$ Bakery paid salary to a temporary staff in the amount of $$1,500$

$8.$ Company purchased supplies for $$3,500.$

$9.$ On April $15,2023,$ Bakery performed a corporate catering service for $$15,500$ and received cash of $$5,500$

and sent an invoice for remaining balance of $$10,000$ for the catering services rendered.

$10.$ Paid $ $575$ in cash for repair and maintenance service to John Heating Systems.

$11.$ Company purchased insurance from Moonn, Insurance & Co and paid premium for $$3,600$ for a two$-$year

period.

$12.$ Received $$28,250$ in cash for wedding catering services provided to a client.

$13.$ Company issued a check in the amount of $$2,500$ for the equipment it purchased.

$14.$ An invoice of $$6,125$ was sent to a client for the services rendered September $15,2023.$

$15.$ On July $31,2023,$ the Bakery received a check in the amount of $$15,000$ for the corporate breakfast services

it will provide in the future.

$16.$ The Company paid dividends to Emily for $$3,500.$

$17.$ A check for $$2,700$ received for the services provided on September $15.$

$18.$ A check for $$3,500$ received for the services provided on April $15.$

$19.$ On December $15,$ Bakery paid off loan in the amount of $$3,500$ to Emily.

$20.$ Bakery paid $$1,650$ in cash to a web developer for its website design, which was recorded as a

miscellaneous expense. Adjusting Entries:

$21.$ The total weekly payroll of Emily$$s Bakery is $$5,000$ and employees are paid at the end of each week. The

Company prepares annual report on December $31,$ which is on Tuesday, however, employees will not be

paid until Friday, January $4.$

$22.$ The firm realized that it only provided $65\%$ of corporate breakfast services for which it received a check on

July $31,2023.$

$23.$ Company recorded rent for $11-$month that is on item $2.$

$24.$ A year$-$end inventory count reveals $$750$ of supplies still available.

$25.$ Company used straight line depreciation method for the equipment and delivery van it purchased. Per

management estimate, the lives are $10$ years.

$26.$ The Prepaid Insurance account shows a debit balance of $$1,800,$ representing the cost of a one$-$year fire

insurance policy that was purchased at the beginning of year.

$27.$ The Bakery recorded accrued interest expense for business loan it received in March.

$28.$ Bakery$$s corporate tax rate is $13\%.$

$-$ Prepare journal entries

$$ Post each journal entry into respective Ledger accounts.

$$ Using the account balance for each ledger account, prepare a Trial Balance.

$$ Using the adjusting entries, prepare adjusting journal entries and post them into their respective ledger account after that prepare an Adjusted Trial Balance.

$$ Using the adjusted Trial Balance, prepare Income Statement, Balance Sheet, Cash Flow

$-$ Statement and Closing entries and Post Trial Balance.