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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
CCNatalie 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 DebitCreditCash$ Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated DepreciationEquipment $ Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue Notes Payable Owners Capital Owners Drawings Service Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Interest Expense $$InstructionsUsing the information in the adjusted trial balance, do the following.
aPrepare an income statement and an owners equity statement for the months ended December and a classified balance sheet as at December The note payable has a stated interest rate of and the principal and interest are due on November
bNatalie has decided that her yearend will be December Prepare and post closing entries as of December
cPrepare a postclosing trial balance.
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