ASSIGNMENT PT 1

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.

(a1)

Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

COOKIE CREATIONS Income Statement

		$

	$

$