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.

$\backslash$table$[[\backslash$table$[[$COOKIE CREATIONS$],[$Adjusted Trial Balance$],[$December $31,2022]],,],[,$Debit,Credit$],[$Cash$,$$$1,080,],[$Accounts Receivable,$975,],[$Supplies$,300,],[$Prepaid Insurance,$1,310,],[$Equipment$,1,200,],[$Accumulated Depreciation$-$Equipment,,$$40$