Accounting, please help, pt. 1/10
Cookle Creations is gearing up for the winter holiday season. During the month of December 2025 , the following transactions occur. Dec. 1 Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties. Natalie teaches the class that was booked on November 25 when a $60 deposit on the class was paid in advance. The $90 5 balance outstanding is received. Coolle Creations receives a $300 check for the amount due from the neighborhood school for the class given on 8. November 30 . 9 Cookle Creations receives $750 in advance from the local school board for five classes that the company will sive during December and January. 15 Pars the $50 cell phone imvice outstanding at November 30. 16 Iswes a check to Natalie's brother for the $600 amount owed for the detign of the website. 19 Receives a deposit of $60 on a cookie class scleduled for early January. for each class individually) $3,000 in cash has been collected and $1,000 is still outstanding, (Thes is in addition to the December 5 and December 9 tramactions) 2). Mdditienal bukine wpplies purchased durine the month for sugar, flour, and chocolste chips amount to $1.250 paid in 2) cash 23. Isues a check to Natalie's astutant for $800 Her ashistant worked approvimately 100 hours from the time in which she washred until December 23 28 Pansadividend of $500 to the commen shareholder (Natalie). The trial balance from November is shown below. As of December 31. Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. 2. Depreciation is recorded on the baking equipment purchased in November. The baking equipment has a useful life of 5 years. Assume that 2 months' worth of depreciation is required. 3. Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account and debit Amortization Expense for the amount of the amo kization.) The website is amortized over a useful life of 2 years and was available for use on December 1. 4. Interest on the 9% note payable is accrued. (Assume that 1.5 months of interest accrued during November and December.) 5. One month's worth of insurance has expired. 6. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neighborhood community center on December 31. In early January Cookie Creations sends an involice for $450 to the community center: 7. A count reveals that $1,025 of baking supplies were used. 8. A cell phone involice is received for $75. The invoice is for services provided during the month of December and is due on January 15. 9. Because the cookie-making class occurred unexpectedly on December 31 and is for such a Large group of children, Natalie's assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour. 10. An analysis of the Unearned Service Revenue account reveals that two of the five classes paid for by the local school board on December 9 still have not been taught by the end of December. The $60 deposit received on December 19 for another class also remains unearned. Journalize the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manuth. If no entry is repuired, select "No entry" for the occount titles and enter O for the amounts. Record joumal entries in the order presented in the problem.)
