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After researching the different forms of business organization, Natalie Koebel decides to operate Cookie Creations as a proprietorship. She then starts the process of getting

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After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations as a proprietorship. She then starts the process of getting the business running in November 2022. Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance COOKIE CREATIONS Adjusted Trial Balance December 31, 2022 Debit Credit Cash $ 980 Accounts Receivable 675 Supplies 300 1,010 1,000 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable $ 40 375 71 Notes Payable 2.000 Owner's Capital 800 Owner's Drawings 500 Service Revenue 3,450 Advertising Expense 165 Supplies Expense 1,025 Depreciation Expense 40 Insurance Expense 110 Salaries and Wages Expense 806 Utilities Expense 125 $6,736 $6,736 Using the information in the adjusted trial balance, do the following. Prepare an income statement for the 2 months ended December 31, 2022 COOKIE CREATIONS Income Statement Prepare an owner's equity statement for the 2 months ended December 31, 2022. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement $ COOKIE CREATIONS Balance Sheet Assets $ Liabilities and Owner's Equity $ V $ Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close drawings) Prepare a post-closing trial balance, COOKIE CREATIONS Post-Closing Trial Balance Debit Credit $ Totals A $

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