Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is to become the exclusive distributor of a line of fine European mixers. The current cost of a mixer is approximately $550, and Natalie would sell each one for $1,100. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified. In the end. Natalie decides to use the perpetual method of accounting for inventory, and the following transactions happen during the month of January Jan. 4 She buys five deluxe mixers on account from Kzinski Supply Co. for $2.750, terms n/30. 6 She pays $100 freight on the January 4 purchase. 7 Natalie returns one of the mixers to Kzinski because it was damaged during shipping. Kzinski issues Cookie Creations credit for the cost of the mixer plus $20 for the cost of freight that was paid on January 6 for one mixer. 8 12 She collects $450 due from the neighborhood community center that was accrued at the end of December 2023 She sells three deluxe mixers on account for $3.300, FOB destination, terms r/30. The mixers cost $570 each including freight. 13 Natalie pays her cell phone bill previously accrued in the December adjusting journal entries 14 She pays $75 of delivery charges for the three mixers that were sold on January 12 14 She buys four deloxe mixers on account from Krinski Supply Co. for $2.200. terms w/30 Type here to search 0 Dit PH 57F 1084 Question 1 of 1 17 /45 E Natalie is concerned that there is not enough cash available to pay for all of the mixers purchased. She issues additional common stock for $1,000. 18 She pays $80 freight on the January 14 purchase. 20 She sells two deluxe mixers for $2,200 cash. 28 Natalie issues a check to her assistant. Her assistant worked 20 hours in January and is also paid for the amount accrued at December 31, 2023. Recall that Natalie's assistant earns $8 an hour. 28 Natalie collects amounts due from customers from the January 12 transaction. 31 She pays Kzinski all amounts due. 31 Cash dividends of $750 are paid. The post-closing trial balance from December is presented below. COOKIE CREATIONS INC. Post-Closing Trial Balance December 31, 2023 Debit Credit Cash $1,340 Accounts Receivable 1,450 Supplies 400 Prepaid Insurance 1,100 Equipment 1,200 Accumulated Depreciation-Equipment $40 Website Accounts Payable 575 75 Interest Payable Salaries and Wages Payable Unearned Service Revenue 23 56 360 Notes Payable Common Stock 2,000 800 *B Question 1 of 1 Common Stock Retained Earnings Ignore income tax effects. 800 2,711 $6,065 $6,065 (b1) Prepare the January 2024 transactions. (Credit account titles are automatically indented when amo manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Re are to search Prepare the January 2024 transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation O Debit Credit 11:59 AM 05 57F 18924 10/2/26 Type here to search (To record sales revenue) (To record cost of goods sold) i P3 05 57F 11:59 AM 10/2/202 Question 1 of 1 -/45 (To record sales revenue) (To record cost of goods sold) Ex !!! P 57F 14424 QuestioN TOFT (To record cost of goods sold) (To record Natalie's assistant payment details) (To record amounts due from customers) /45 E (To record payments made to Kzinski) 120 Type here to search Et 05 57F 10/2 Question 1 of 1 List of Accounts Save for Later (To record payments made to Kzinski) (To record cash dividends paid) -/45 E Attempts: unlimited Submit Answer (b2) The parts of this question must be completed in order. This part will be available when you complete the part above