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Step 4: Prepare the trial balance at January 31, 2022 The Snoball Stand Trial Balance March 31, 2023 The opening balance sheet of The Snoball Stand on February 1, 2023 is as follows: The Snoball Stand Balance Sheet January 31, 2023 The Snoball Stand's grand opening was on Febuary 1, 2023! The stand is open Wednesday through Sunday each week from 12pm to 4pm. During February and March 2023, the following occured: Trans \# Date Description 2/1/23 Purchased an insurance policy for The Snoball Stand at a cost of $60. The policy period runs 2/1/23 to 1/31/24. 2/1/23 Hired an employee who works 4 hours per day and earns $5 per hour. 2/1/23 Purchased supplies (cups, spoons, straws, etc.) for $200. 2/13/31 Sold 1,000 snoballs for $1.50 each, using 40 bottles of snoball syrup. 2/15/23 Paid employee for work performed from 2/1 - 2/14. 3/15/23 Purchased an additional 60 bottles of snoball syrup from the Snoball Stand Supply Store for $3 per bottle. 3/15/23 Paid employee for work performed from 2/15 - 3/14. Additional information: -At March 31, there were 13 days of unpaid wages. -The bank loan accrues interest at a rate of 12% per year. -At March 31, \$40 of supplies remained. -For simplicity, we will ignore depreciation on the snoball stand, equipment, and signage for the moment. Step 4: Prepare the trial balance at January 31, 2022 The Snoball Stand Trial Balance March 31, 2023 The opening balance sheet of The Snoball Stand on February 1, 2023 is as follows: The Snoball Stand Balance Sheet January 31, 2023 The Snoball Stand's grand opening was on Febuary 1, 2023! The stand is open Wednesday through Sunday each week from 12pm to 4pm. During February and March 2023, the following occured: Trans \# Date Description 2/1/23 Purchased an insurance policy for The Snoball Stand at a cost of $60. The policy period runs 2/1/23 to 1/31/24. 2/1/23 Hired an employee who works 4 hours per day and earns $5 per hour. 2/1/23 Purchased supplies (cups, spoons, straws, etc.) for $200. 2/13/31 Sold 1,000 snoballs for $1.50 each, using 40 bottles of snoball syrup. 2/15/23 Paid employee for work performed from 2/1 - 2/14. 3/15/23 Purchased an additional 60 bottles of snoball syrup from the Snoball Stand Supply Store for $3 per bottle. 3/15/23 Paid employee for work performed from 2/15 - 3/14. Additional information: -At March 31, there were 13 days of unpaid wages. -The bank loan accrues interest at a rate of 12% per year. -At March 31, \$40 of supplies remained. -For simplicity, we will ignore depreciation on the snoball stand, equipment, and signage for the moment

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