Cash Accounts Receivable Prepaid Rent Inventory Machinery & Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Conrad...

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Cash Accounts Receivable Prepaid Rent Inventory Machinery & Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Conrad Enterprises Unadjusted Trial Balance December 31, 2023 DR CR $ 12,800 30,000 1,000 39,800 100,000 $ 12,000 49,000 450 10,500 99,500 10,000 1,000 57,500 30,200 12,000 5,000 5,500 400 750 500 $ 238,950 $ 238,950 Unearned Income Long-term Notes Payable Common Stock Dividends Paid Revenues Cost of Goods Sold Depreciation Expense Selling Expense Administration Expense Office Salaries Expense Other Expense Interest Expense Totals The following items have not been recorded in the above financial numbers: 1. Allowance for Doubtful Accounts has been calculated at $1,000. 2. Income Taxes Payable of $5,000 has not been recorded. 3. Conrad purchased a new copier costing $5,000 at the end of June and placed it into service immediately. It was paid in full in cash. The expected life of the copier is 5 years and the company uses straight line depreciation. It will have zero salvage value. 4. The company issued a bond payable at the end of the year for $9,000; it is due in 2033. 5. The company incurred an uninsured flood loss in the amount of $15,000 for one of their machines. The flood damaged one of their machines completely which will now need to be scrapped. The cost of the machine was $20,000 and its current book value was $15,000. The following items are included in the above financial numbers: 6. Year-end repairs made to a machine for $2,000 were applied to Machinery & Equipment. 7. Restricted cash for investments totaling $5,000 is included in the cash balance. 8. Commissions on Sales for $1,000 were charged to COGS. 9. Dividends of $1,000 were paid. 10. The long-term notes payable of $99,500 is fully due at the end of 2025. After making the proper adjusting entries; prepare, in good format, an Income Statement, Balance Sheet, and Cash Flow Statement for the year ended December 31, 2023. Cash Accounts Receivable Prepaid Rent Inventory Machinery & Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Conrad Enterprises Unadjusted Trial Balance December 31, 2023 DR CR $ 12,800 30,000 1,000 39,800 100,000 $ 12,000 49,000 450 10,500 99,500 10,000 1,000 57,500 30,200 12,000 5,000 5,500 400 750 500 $ 238,950 $ 238,950 Unearned Income Long-term Notes Payable Common Stock Dividends Paid Revenues Cost of Goods Sold Depreciation Expense Selling Expense Administration Expense Office Salaries Expense Other Expense Interest Expense Totals The following items have not been recorded in the above financial numbers: 1. Allowance for Doubtful Accounts has been calculated at $1,000. 2. Income Taxes Payable of $5,000 has not been recorded. 3. Conrad purchased a new copier costing $5,000 at the end of June and placed it into service immediately. It was paid in full in cash. The expected life of the copier is 5 years and the company uses straight line depreciation. It will have zero salvage value. 4. The company issued a bond payable at the end of the year for $9,000; it is due in 2033. 5. The company incurred an uninsured flood loss in the amount of $15,000 for one of their machines. The flood damaged one of their machines completely which will now need to be scrapped. The cost of the machine was $20,000 and its current book value was $15,000. The following items are included in the above financial numbers: 6. Year-end repairs made to a machine for $2,000 were applied to Machinery & Equipment. 7. Restricted cash for investments totaling $5,000 is included in the cash balance. 8. Commissions on Sales for $1,000 were charged to COGS. 9. Dividends of $1,000 were paid. 10. The long-term notes payable of $99,500 is fully due at the end of 2025. After making the proper adjusting entries; prepare, in good format, an Income Statement, Balance Sheet, and Cash Flow Statement for the year ended December 31, 2023.