\begin{tabular}{|c|c|c|c|c|} \hline Fall 2023 Thu & \multicolumn{2}{|r|}{1/1/2022} & \multicolumn{2}{|c|}{12/31/2022} \\ \hline Trial Balance Assignment & \multicolumn{2}{|c|}{ Beg } & \multicolumn{2}{|c|}{ Ending } \\ \hline Data - Prepare financials & \multicolumn{2}{|c|}{Dr(CR)} & \multicolumn{2}{|c|}{Dr(Cr)} \\ \hline Revenue & & & $ & (160,500) \\ \hline Cash & $ & 75,000 & $ & 85,000 \\ \hline COGs & & & $ & 80,300 \\ \hlineSG&A & & & $ & 5,000 \\ \hline \multicolumn{5}{|l|}{ Depreciation } \\ \hline Goodwill & & & $ & 20,000 \\ \hline Building & $ & 50,000 & $ & 60,000 \\ \hline Accum Depreciation & $ & (10,000) & $ & (10,000) \\ \hlineA/R & $ & 12,000 & $ & 20,000 \\ \hlineA/P & $ & (36,000) & $ & (12,400) \\ \hline Capital stock & $ & (10,000) & $ & (20,000) \\ \hline Dividend paid & & & $ & 5,000 \\ \hline Retained Earnings & $ & (40,000) & $ & (40,000) \\ \hline Salaries & & & $ & 5,000 \\ \hline Bank loan & $ & (50,000) & $ & (60,000) \\ \hline \multicolumn{5}{|l|}{ corp taxes expense } \\ \hline \multicolumn{5}{|l|}{ corp taxes payable } \\ \hline \multicolumn{5}{|l|}{ Interest expense } \\ \hline \multicolumn{5}{|l|}{ Accrued Interest } \\ \hline Insurance & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Prepaid Insurance & & & $ & 3,600 \\ \hline Intellectual Property (IP) & $ & 10,000 & $ & 20,000 \\ \hline Accum amortization & $ & (1,000) & $ & (1,000) \\ \hline \multicolumn{5}{|l|}{ Amortization of IP } \\ \hline Total & $ & - & $ & - \\ \hline \multirow{2}{*}{\multicolumn{5}{|c|}{MakethefollowingJournalentriesa)Depreciation-straightline10yearsonendingbalance}} \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{b)Corptaxpayable22%onIncomebeforetax} \\ \hline \multicolumn{5}{|l|}{c)Interestonthebankloanonendingbalance5%accruedbutnotpaidtillJan15,2023} \\ \hline \multicolumn{5}{|l|}{d)Insurancepaidon9/1/2022$3600foronewholeyear} \\ \hline e)AmortizationofIPis10yearsstraightlineonendingbalance & & & & \\ \hline \end{tabular}