cokhelt Actor X (59 unread mkupnyaho X Gunile study bba 2201 pr. X C Prepare Journal Intres To Red X ebapps/blackboard/content/listContent.jsp?course_id=108278_18content id=6606861_1&mode reset wy It is the end of November, and Natalie has been in touch with her grandmother Natalie's grandmother asked her how well things went in her first month of business. Natalie, too, would like to know if she has been profitable or not during November. Natalie realizes that in order to determine Cookie Creations income, she must first make adjustments Natalie puts together the information shown below. 1. A count reveals that $35 of baking supplies were used during November 2. Natalie estimates that all of her baking equipment will have a useful life of 5 years of 60 months. (Assume Natalie decides to record a full month's worth of depreciation, regardless of when the equipment was obtained by the business) 3. Natalie's grandmother has decided to charge an interest of 6% on the note payable extended on November 16. The loan plus interest is to be repaid in 24 months. (Assume that half a month of interest accrued during November) 4. On November 30, a friend of Natalie's asks her to teach a class at the neighborhood School Natalie agrees and teaches a group of 35 first grade students how to make gingerbread cookies. The next day. Natale prepares an invoice for $300 and leaves it with the school principal The principal says that he will pass the invoice along to the head office, and it will be paid sometime in December 5. Natalie receives a utility bill for $45. The bill is for utilities consumed by Natale's business during November is due December 15 The trial balance from Chapter 2 is presented below. COOKIE CREATIONS Trial Balance N November 30, 2019 Debit Credit Cash $ 245 Supplies 125 Prepaid Insurance 1,320 Equipment 1.200 Uneared Service Revenue $ 30 Notes Payable 2.000 Owner's Capital 800 Service Revenue 125 65 Advertising Expense $2.955 Using the trial balance from Chapter 2 and based on the new information provided above, complete the tasks below 1. Prepare and post the adjusting journal entries 2. Prepare an adjusted trial balance 3. Using the adjusted trial balance calculate Cookie Creations net income or net loss for the month of November 2019 Note: Do not prepare an income statement Make sure to complete item 'a' completely before moving to itemb." and then move to tem c. You cannot mo ahead unless you have cokhelt Actor X (59 unread mkupnyaho X Gunile study bba 2201 pr. X C Prepare Journal Intres To Red X ebapps/blackboard/content/listContent.jsp?course_id=108278_18content id=6606861_1&mode reset wy It is the end of November, and Natalie has been in touch with her grandmother Natalie's grandmother asked her how well things went in her first month of business. Natalie, too, would like to know if she has been profitable or not during November. Natalie realizes that in order to determine Cookie Creations income, she must first make adjustments Natalie puts together the information shown below. 1. A count reveals that $35 of baking supplies were used during November 2. Natalie estimates that all of her baking equipment will have a useful life of 5 years of 60 months. (Assume Natalie decides to record a full month's worth of depreciation, regardless of when the equipment was obtained by the business) 3. Natalie's grandmother has decided to charge an interest of 6% on the note payable extended on November 16. The loan plus interest is to be repaid in 24 months. (Assume that half a month of interest accrued during November) 4. On November 30, a friend of Natalie's asks her to teach a class at the neighborhood School Natalie agrees and teaches a group of 35 first grade students how to make gingerbread cookies. The next day. Natale prepares an invoice for $300 and leaves it with the school principal The principal says that he will pass the invoice along to the head office, and it will be paid sometime in December 5. Natalie receives a utility bill for $45. The bill is for utilities consumed by Natale's business during November is due December 15 The trial balance from Chapter 2 is presented below. COOKIE CREATIONS Trial Balance N November 30, 2019 Debit Credit Cash $ 245 Supplies 125 Prepaid Insurance 1,320 Equipment 1.200 Uneared Service Revenue $ 30 Notes Payable 2.000 Owner's Capital 800 Service Revenue 125 65 Advertising Expense $2.955 Using the trial balance from Chapter 2 and based on the new information provided above, complete the tasks below 1. Prepare and post the adjusting journal entries 2. Prepare an adjusted trial balance 3. Using the adjusted trial balance calculate Cookie Creations net income or net loss for the month of November 2019 Note: Do not prepare an income statement Make sure to complete item 'a' completely before moving to itemb." and then move to tem c. You cannot mo ahead unless you have