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Cashgrabber, Inc. - Adjusted Trial Balance at the company's year end December 31, 2021: Dr Cr 285,020 320,600 52,000 31,200 900,000 112,000 11,000 620,000 26,000 2,250,000 501,200 120,000 3,150,000 24,000 Accounts Payable Accounts Receivable Accrued Expenses Payable Advances to employees Accumulated Depreciation - Building Accumulated Depreciation - Equipment Allowance for doubtful accounts Bonds Payable - Due 2025 Bonds Premium Building Cash Common Stock ($ 1 par value, 120,000 issued) Cost of Goods Sold Dividends payable Equipment Franchise (unamortized cost) General & Administrative Expenses Goodwill Held to Maturity Securities Income tax allocable to Income from continuing ops. Inventory - Ending Land Net sales Mortgage Note Payable ($120,000 due in 2022) Pald in Capital in excess of par. Common Pald in Capital in excess of par - Preferred Paldin Capital from Treasury Stock Patent-Unamortized cost Preferred Stock (2%, $100 par value, 5,000 shrs issued & outstanding) Prepaid Expenses Retained earnings - Dec 31, 2021 reduced by $10,000 Pref. dividends and $52,000 Common dividends Salaries Payable Securities Fair value Adj. Trading Securities Selling expenses Trading Securities Treasury Stock - Common (25,000 shrs) Unearned revenue 651,000 367,000 2,339,280 111,000 146,000 325,070 492,000 362,000 9,020,500 799,400 234,000 27,000 4,100 373,000 500,000 72,000 1,776,510 61,000 32,000 2,706,150 216,000 178,030 51,000 14,623,530 14,623,530 Additional Information 1 Net Income for the year ended December 31, 2021 is $500,000 2 The January 1, 2021 balance in Retained Earnings is $1,838,510 Instructions: Prepare a b A Retained Earnings Statement for the year ended Dec 31, 2021 The Stockholders' Equity section of the Dec 31, 2021 Balance Sheet Tree Trimmer Airlines, Inc. Tree Trimmer Airlines Inc. had the following selected account balances as of January 1, 2021: $ $ 600,000 60,000 $ $ $ 1,000,000 300,000 900,000 Preferred Stock, 3%, $100 par (100,000 shrs. authorized; ???? shrs, issued and outstanding). Paldin Capital In Excess of Par - Preferred Stock Common Stock, $?? par (800,000 shares, authorized, 500,000 issued and outstanding) Pald in Capital in excess of Par - Common Stock Retained Earnings During 2021 the following occurred: Declared a cash dividend on preferred stock. 14-Feb Payment date for the preferred dividend. 28-Feb Issued 2,500 shares of preferred stock in exchange for a building, Details regarding the building are as follows: Original 15-Jan Accum Deprec. cost Land Building 25,000 150,000 Book Value 25,000 120,000 Fair Mkt. Value 75,000 180,000 30,000 17-Mar Declared declared a 4% common stock dividend when the shares were trading at $ 30, Distribution date for common stock pursuant to stock dividend. (Shares trading at $27) 1.Jul 1-Sep Reacquired 5,000 common shares for $155,000 and placed them 30-Sep Reissued 2,000 common shares held in treasury for $ 68,000. 31-Oct Reissued 1,000 common shares held in treasury for $ 27,500 7-Nov Reissued 2,000 common shares held in treasury for $58,000 12-Nov Declared a a 60% common stock dividend. (shares trading at $29.00) 24-Dec Distribution date for common stock pursuant to Nov. 12th stock stock dividend (shares trading at $29.50). Required: record the above transactions in general journal form

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