Question
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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