During the year $2023,$ Mr$.$ John conducted a few operations.

He took dividends of $10,000$ CHF on the profit for the year $2022.$ He decided to rent an extra room starting from the month of January $2023$ to meet increasing demands for his products. The rent is $4000$ CHF per month and must be paid $3$ months in advance. During the year, various operating costs amounted to $94,150$ CHF$.$

During the year, he bought $50,000$ bottles of wine for $755,000$ CHF; $20\%$ of the amount was not settled at December $31,2023.$ In $2013,$ he sold $52,000$ bottles for $1\mathrm{.}04$ million CHF$.$ At year end, $104,000$ CHF was not yet collected. At the end of the year, Mr$.$ John learned that one of his clients $($a local restaurant$)$ faced serious financial difficulties. However, he believed to recover at least half of the total $40,000$ CHF $($accounts receivables$)$ from this client at the end of the year. At the end of the year, financial assets held as part of the cash management amounted to $23,000$ CHF$.$ They were acquired during the year for $20000$ CHF$.$

Do closing entries for the year $2022.$

Record transactions in the journal and general ledger for $2023.$

Construct trial balance. Adjust the trial balance for depreciation expenses and other accruals$/$ deferrals.

Construct balance sheet, income statement for $2023$

Construct cash flow statement for $2023$