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Using the attached Adjusted Trial Balance and Cash ledger page, prepare Jablonski's Golden

Acres financial statements for the end of the year. Complete each statement on its own page in

the following order:

A) Income Statement for 2022 (23 points)

B) Statement of Owner Equity for 2022 (17 points)

C) Balance Sheet for December 31, 2022 (33 points)

D) Statement of Cash Flow for 2022 (22 points)

It is expected that proper formatting will be used in regard to the doument title, headings, sub-

totals, etc. Improper formatting will lose points. You are to put togther financial statements,

not just determine net income or owner equity.

Dh | 35.500 100 37.00 26 So 3 96. 15.500 12.00 350.000 380.00 43 500 6 25.000 ADJUSTED TRIAL BALANCE Jablonski's Golden Acres Fes December 31.2022 Accounts Cash Accounts Receivable Feater Livestock Inventory Raised for Sale Feed Inventory Raised for Sale Feediny Purchased for Use Crop Inventory Purchased for Resale puid Expenses reeding Live Machinery & liquipment Office Furniture and Equipment Perennial Crops and Natural Resources Land, Buildings, and improvements Led Assets Accurated Depreciation Accounts Payable Taxes Payable Interest Payable Notes Payable. Nom Current Notes Payable. Due within One Year Real Estate Notes Payable. Noe Current Real Estate Notes Payable. Due within One Year Obligation Leased Assets Retained Capital Owner Withdrawal Non-Farm Income Other Capital Contributions Gift Inheritance Cash Crop Sales Changes in Crop Inventories Cash Sales of Market Livestock Klugesin Market Livestock and Poultry levente Crop Insurance Proceeds Gains Lors from Sale of Culle Beding Livestock Change in Accounts Receivable Feeder Livestock Chuge in Purchased Feeder Livestock Inventory Purchased Feed Khange in Purchased Food Inventories Wages Experts Payroll Tax Expense Seed Fertilizers Electricity ilerbicides. Pesticides 300 14 37.000 1.12. 3300 3. 417.00 13.300 181.000 TEN 1.00 2. 1.700 105 78.900 542 . 72.000 4200 B 31,00 38.90 12.300 31. 3. So 3 Office Supplies Depreciation Expense Change in Accounts Payable Change in Prepaid france Interest Expense Change in Interest Payable Gain Losses on Sales of Farm Capital Acts Extraordinary Gains (ie. Other Rever) Income Tax Expense Changes in Tenes Payable 190 2.300 4 od 24.10 Sum 2.234.900 Jablonski's Golden Acres LEDGER Cash Account Date Description Debits Credits Balance Beginning Balance 19,000 2-Jan Cash sale of market livestock 48,100 67,100 15-Jan Paid employee 6,800 60,300 21-Jan Income tax payment 2,000 58,300 4-Feb Loan payment-principal 28,300 30,000 4-Feb Loan payment-interest 1,200 28,800 18-Feb Purchased new computer 500 28,300 7-Mar Cash crop sale 42,200 70,500 15-Apr Paid taxes 8,200 62,300 28-Apr Purchased truck 29,400 32,900 1-May Borrowed money to buy land 85,500 118,400 5-May Purchased land 85,500 32,900 6-Jun Purchased supplies 3,600 29,300 30-Jun Purchased seed 5,100 24,200 3-Jul Purchased chemicals 9,800 14.4001 25-Jul Cash sale of market livestock 38,700 53,1001 9-Aug Paid property taxes 9,000 44,100 23-Aug Loan payment-principal 13,300 30,800 23-Aug Loan payment-interest 600 30,200 9-Sep Sold some breeding livestock 7,200 37,400 10-Oct Received crop insurance proceeds 18,500 55,9001 18-OctPaid vet bill 3,400 52,500 11-Nov Transfer to personal checking account 3,100 49,400 24-Nov Paid neighbor for hauling 1,800 47,600 12-Dec Paid payroll taxes 8,200 39,400 24-Dec Purchased new insurance policy 3,800 35,600 D C 35.000 1.000 37.50 260 13. So 96. IS 12.00 30.00 350.000 4 6 3200 ADJUSTED TRIAL BALANCE Jablonski's Golden Acres Fes December 31, 2022 Accounts Cash Accounts Receivable Feater Livestock Inventory Raised for Sale Feed Inventory Raised for Sale Feed In Parched for Use Crop Inventory Purchased for Resale puid Expo Freeding Livesek Machinery & liquipment Office Furniture and Equipment Perennial Crops and Natural Resources Land, Buildings, and improvements Lased Assets Acculated Depreciation Accounts Payable Taxes Payable Interest Payable Notes Payable. Nom Current Notes Payable. Due within One Year Real Estate Notes Payable. Noe Current Real Estate Notes Payable. Due within One Year Obligation on Leased Assets Retained Capital Owner Withdrawals Non-Farm Income Other Capital Contributions Gifts Inheritance Cash Crop Sales Changes in Crop Inventories Cash Sales of Market Livesteck Klupes in Market Livestock and Poultry Inventarios Crop Insurance Proceeds Gainstores from Sale of Culle Beding Livestock Change in Accounts Receivable Feeder Livestock Change in Purchased Feeder Livestock lovestory Purchased Feed Khange in Purchased Food Inventories Wages Expense Payroll Tax Expense Seed Fertilizers Electricity Herbicides. Pesticides 3000 14 3700 1.12. 3.300 13:00 181.000 EUR 38.00 29 1.700 105 2.300 78.900 542 72.00 42.000 2. 310 30 12.300 31. 3.so 3 Office Supplies Depreciation Expense Change in Accounts Payable Change in Prepaid Insurance Interest Expense Change in interest Payable Gain Losses on Sales af Farm Capital Aucts Extraordinary Gainsbe. Other Rever) Income Tax Expense Changes in Tenes Payable 19. 23001 4 od 34.100 Sun 2.2349000 2900 Dh | 35.500 100 37.00 26 So 3 96. 15.500 12.00 350.000 380.00 43 500 6 25.000 ADJUSTED TRIAL BALANCE Jablonski's Golden Acres Fes December 31.2022 Accounts Cash Accounts Receivable Feater Livestock Inventory Raised for Sale Feed Inventory Raised for Sale Feediny Purchased for Use Crop Inventory Purchased for Resale puid Expenses reeding Live Machinery & liquipment Office Furniture and Equipment Perennial Crops and Natural Resources Land, Buildings, and improvements Led Assets Accurated Depreciation Accounts Payable Taxes Payable Interest Payable Notes Payable. Nom Current Notes Payable. Due within One Year Real Estate Notes Payable. Noe Current Real Estate Notes Payable. Due within One Year Obligation Leased Assets Retained Capital Owner Withdrawal Non-Farm Income Other Capital Contributions Gift Inheritance Cash Crop Sales Changes in Crop Inventories Cash Sales of Market Livestock Klugesin Market Livestock and Poultry levente Crop Insurance Proceeds Gains Lors from Sale of Culle Beding Livestock Change in Accounts Receivable Feeder Livestock Chuge in Purchased Feeder Livestock Inventory Purchased Feed Khange in Purchased Food Inventories Wages Experts Payroll Tax Expense Seed Fertilizers Electricity ilerbicides. Pesticides 300 14 37.000 1.12. 3300 3. 417.00 13.300 181.000 TEN 1.00 2. 1.700 105 78.900 542 . 72.000 4200 B 31,00 38.90 12.300 31. 3. So 3 Office Supplies Depreciation Expense Change in Accounts Payable Change in Prepaid france Interest Expense Change in Interest Payable Gain Losses on Sales of Farm Capital Acts Extraordinary Gains (ie. Other Rever) Income Tax Expense Changes in Tenes Payable 190 2.300 4 od 24.10 Sum 2.234.900 Jablonski's Golden Acres LEDGER Cash Account Date Description Debits Credits Balance Beginning Balance 19,000 2-Jan Cash sale of market livestock 48,100 67,100 15-Jan Paid employee 6,800 60,300 21-Jan Income tax payment 2,000 58,300 4-Feb Loan payment-principal 28,300 30,000 4-Feb Loan payment-interest 1,200 28,800 18-Feb Purchased new computer 500 28,300 7-Mar Cash crop sale 42,200 70,500 15-Apr Paid taxes 8,200 62,300 28-Apr Purchased truck 29,400 32,900 1-May Borrowed money to buy land 85,500 118,400 5-May Purchased land 85,500 32,900 6-Jun Purchased supplies 3,600 29,300 30-Jun Purchased seed 5,100 24,200 3-Jul Purchased chemicals 9,800 14.4001 25-Jul Cash sale of market livestock 38,700 53,1001 9-Aug Paid property taxes 9,000 44,100 23-Aug Loan payment-principal 13,300 30,800 23-Aug Loan payment-interest 600 30,200 9-Sep Sold some breeding livestock 7,200 37,400 10-Oct Received crop insurance proceeds 18,500 55,9001 18-OctPaid vet bill 3,400 52,500 11-Nov Transfer to personal checking account 3,100 49,400 24-Nov Paid neighbor for hauling 1,800 47,600 12-Dec Paid payroll taxes 8,200 39,400 24-Dec Purchased new insurance policy 3,800 35,600 D C 35.000 1.000 37.50 260 13. So 96. IS 12.00 30.00 350.000 4 6 3200 ADJUSTED TRIAL BALANCE Jablonski's Golden Acres Fes December 31, 2022 Accounts Cash Accounts Receivable Feater Livestock Inventory Raised for Sale Feed Inventory Raised for Sale Feed In Parched for Use Crop Inventory Purchased for Resale puid Expo Freeding Livesek Machinery & liquipment Office Furniture and Equipment Perennial Crops and Natural Resources Land, Buildings, and improvements Lased Assets Acculated Depreciation Accounts Payable Taxes Payable Interest Payable Notes Payable. Nom Current Notes Payable. Due within One Year Real Estate Notes Payable. Noe Current Real Estate Notes Payable. Due within One Year Obligation on Leased Assets Retained Capital Owner Withdrawals Non-Farm Income Other Capital Contributions Gifts Inheritance Cash Crop Sales Changes in Crop Inventories Cash Sales of Market Livesteck Klupes in Market Livestock and Poultry Inventarios Crop Insurance Proceeds Gainstores from Sale of Culle Beding Livestock Change in Accounts Receivable Feeder Livestock Change in Purchased Feeder Livestock lovestory Purchased Feed Khange in Purchased Food Inventories Wages Expense Payroll Tax Expense Seed Fertilizers Electricity Herbicides. Pesticides 3000 14 3700 1.12. 3.300 13:00 181.000 EUR 38.00 29 1.700 105 2.300 78.900 542 72.00 42.000 2. 310 30 12.300 31. 3.so 3 Office Supplies Depreciation Expense Change in Accounts Payable Change in Prepaid Insurance Interest Expense Change in interest Payable Gain Losses on Sales af Farm Capital Aucts Extraordinary Gainsbe. Other Rever) Income Tax Expense Changes in Tenes Payable 19. 23001 4 od 34.100 Sun 2.2349000 2900

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