Continuing Cookie Chronicle 4 Natalie 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 CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash $1,180 Accounts Receivable 875 350 1,210 1,200 $40 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Service Revenue Notes Payable Interest Payable 75 56 300 2,000 15 Common Stock 800 Dividends 500 Service Revenue 4,515 1,006 125 165 Salaries and Wages Expense Utilities Expense Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Interest Expense 1,025 40 110 15 $7,801 $7,801 Using the information in the adjusted trial balance, do the following. Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using COOKIE CREATIONS Income Statement For the Two Months Ended December 31, 2019 Revenues Service Revenue $ $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an retained earnings statement for the 2 months ended December 31, 2019. (List items that increa COOKIE CREATIONS Retained Earnings Statement $ $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a classified balance sheet at December 31, 2019. The note payable has a stated Interest rate of 6%, and the principal and Interest are due on November 16, 2018. (List COOKIE CREATIONS Balance Sheet Assets $ $ Liabilities and Stockholders' Equity LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Natalie has decided that her year-end will be December 31, 2019. Prepare closing entries as of December 31, 2019. (Credit ac Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close income summary account) Dec. 31 (To close dividends) LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance. COOKIE CREATIONS Post-Closing Trial Balance Debit Credit $ Totals $ $ LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT