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CC 4 Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie

CC4Natalie 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 CREATIONSAdjusted Trial BalanceDecember 31,2019 DebitCreditCash$1,180 Accounts Receivable875 Supplies350 Prepaid Insurance1,210 Equipment1,200 Accumulated DepreciationEquipment $ 40Accounts Payable 75Salaries and Wages Payable 56Interest Payable 15Unearned Service Revenue 300Notes Payable 2,000Owners Capital 800Owners Drawings500 Service Revenue 4,515Salaries and Wages Expense1,006 Utilities Expense125 Advertising Expense165 Supplies Expense1,025 Depreciation Expense40 Insurance Expense110 Interest Expense 15 $7,801$7,801InstructionsUsing the information in the adjusted trial balance, do the following.
(a)Prepare an income statement and an owners equity statement for the 2 months ended December 31,2019, and a classified balance sheet as at December 31,2019.The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16,2021.
(b)Natalie has decided that her year-end will be December 31,2019. Prepare and post closing entries as of December 31,2019.
(c)Prepare a post-closing trial balance.

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