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assignment last part Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries,

assignment last part

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, 2019

Debit

Credit

Cash

$1,460

Accounts Receivable

1,085

Supplies

430

Prepaid Insurance

1,500

Equipment

1,500

Accumulated DepreciationEquipment

$50

Accounts Payable

95

Salaries and Wages Payable

69

Interest Payable

20

Unearned Service Revenue

370

Notes Payable

2,500

Owners Capital

990

Owners Drawings

620

Service Revenue

5,588

Salaries and Wages Expense

1,247

Utilities Expense

155

Advertising Expense

205

Supplies Expense

1,270

Depreciation Expense

50

Insurance Expense

140

Interest Expense

20

$9,682

$9,682

Using the information in the adjusted trial balance, do the following.

(b)

  • Your Answer
  • Correct Answer

Partially correct answer icon

Your answer is partially correct.

Natalie has decided that her year-end will be December 31, 2019. Prepare closing entries as of December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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)

eTextbook and Media

List of Accounts

Attempts: 3 of 3 used

Question Part Score

0.18/0.2

(c)

Prepare a post-closing trial balance.

COOKIE CREATIONS Post-Closing Trial Balance

Debit

Credit

$

$

Totals $ $

eTextbook and Media

List of Accounts

Attempts: 0 of 3 used

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