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CCC4 Cookie Creations is gearing up for the winter holiday season. During the month of December 2014, the following transactions occur. Dec. 1 Natalie hires

CCC4 Cookie Creations is gearing up for the winter holiday season. During the month of December 2014, the following transactions occur.

Dec. 1 Natalie hires an assistant at an hourly wage of $8 to help with cookie making and some administrative duties.5 Natalie teaches the class that was booked on November 25. The balance outstanding is received.8 Cookie Creations receives a check for the amount due from the neighborhood school for the class given on November 30.9 Cookie Creations receives $750 in advance from the local school board for five classes that the company will give during December and January.15 Pays the cell phone invoice outstanding at November 30.16 Issues a check to Natalies brother for the amount owed for the design of the website.19 Receives a deposit of $60 on a cookie class scheduled for early January.23 Additional revenue during the month for cookie-making classes amounts to $4,000. (Natalie has not had time to account for each class individually.) $3,000 in cash has been collected and $1,000 is still outstanding. (This is in addition to the December 5 and December 9 transactions.)23 Additional baking supplies purchased during the month for sugar, flour, and chocolate chips amount to $1,250 cash.23 Issues a check to Natalies assistant for $800. Her assistant worked approximately 100 hours from the time in which she was hired until December 23.28 Pays a dividend of $500 to the common shareholder (Natalie).

Chapter 4, Part A, journalize the transactions
Chapter 4, Part B, post the December transactions to the general ledger accounts
Chapter 4, Part C, prepare a trial balance at December 31, 2014
Chapter 4, Part D, prepare and post adjusting journal entries for December
Chapter 4, Part E, prepare adjusted trial balance at December 31, 2014
Chapter 4, Part F, prepare an income statement, retained earning statement and balance sheet
Chapter 4, Part G, prepare and post closing entires as of December 31, 2014
Chapter 4, Part H, prepare a post-closing trial balance

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