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Audubon Inc's reporting year-end is December 31. The oost-closine trial balance as of December 31.2022 . apdears below. F On Oct 1 , sold $20,000 worth of inventory at $30,000 and got paid in cash. Audubon will deliver te a customer in 2024 . On Dec 1 , borrowed $100,000 from a local bank and signed a note. The note requires 12% interest to be paid annually on Nov 30 . (1) Prepare the necessary joumal entries for transactions in 2023. (2) Prepare the unadjusted trial balance table reflecting those transactions. Use the previous vear's data as beginning balances for b/5 accounts. (3) Prepare the necessary adjusting journal entries on Dec 31, 2023. (4) Prepare the adjusted trial balance table. (5) Make closing journal entries for 2023. (6) Prepare the post-closing adjusted trial balance table. (7) Prepare the balance sheet for the 2023 fiscal year that ends on Dec 31, 2023. Audubon Inc's reporting year-end is December 31. The oost-closine trial balance as of December 31.2022 . apdears below. F On Oct 1 , sold $20,000 worth of inventory at $30,000 and got paid in cash. Audubon will deliver te a customer in 2024 . On Dec 1 , borrowed $100,000 from a local bank and signed a note. The note requires 12% interest to be paid annually on Nov 30 . (1) Prepare the necessary joumal entries for transactions in 2023. (2) Prepare the unadjusted trial balance table reflecting those transactions. Use the previous vear's data as beginning balances for b/5 accounts. (3) Prepare the necessary adjusting journal entries on Dec 31, 2023. (4) Prepare the adjusted trial balance table. (5) Make closing journal entries for 2023. (6) Prepare the post-closing adjusted trial balance table. (7) Prepare the balance sheet for the 2023 fiscal year that ends on Dec 31, 2023

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