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.

$8$ She collects $$450$ due from the neighborhood community center that was accrued at the end of December

$2023.$

$12$ She sells three deluxe mixers on account for $$3,300,$ FOB destination, terms n$/30.$ The mixers cost $$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 deluxe mixers on account from Kzinski Supply Co$.$ for $$2,200,$ terms n$/30.$

$17$ 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 $575$

Accounts Payable $75$

Interest Payable $23$

Salaries and Wages Payable $56$

Unearned Service Revenue $360$

Notes Payable $2,000$

Common Stock $800$

Retained Earnings $2,711$

$$6,065$ $$6,065$

Post the January $2024$ transactions. $($Post entriesin the order of journal entries presented in the previous part. If balance is

zero, please enter $0.)$