Cookie Creations is gearing up for the winter holiday season. During the month of December 2020, 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 15 16 19 119 23 23 23 22 23 Cookie Creations receives $750 in advance from the local school board for five classes that the company will give during December and January Pays the cell phone invoice outstanding at November 30 Issues a check to Natalie's brother for the amount owed for the design of the website. Receives a deposit of $60 on a cookie class scheduled for early January 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.) Additional baking supplies purchased during the month for sugar, flour, and chocolate chips amount to $1.250 cash Issues a check to Natalie's 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) The trial balance from November is shown below. COOKIE CREATIONS INC. Trial Balance November 30, 2020 Debit Credit Cash $340 Accounts Receivable 300 Supplies 220 Prepaid Insurance 1,200 Equipment 1.200 Website 600 Accounts Payable $650 Unearned Service Revenue 60 Notes Payable 2,000 Common Stock 800 Service Revenue 400 Utilities Expense 50 $3.910 $3,910 As of December 31, Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. 2. 3. 4. 5. 6. 7. 8. 6 9. 10. Depreciation is recorded on the baking equipment purchased in November. The baking equipment has a useful life of 5 years. Assume that 2 months' worth of depreciation is required. Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account directly for the amount of the amortization.) The website is amortized over a useful life of 2 years and was available for use on December 1. Interest on the 9% note payable is accrued. (Assume that 1.5 months of interest accrued during November and December.) One month's worth of insurance has expired. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neighborhood community center on December 31. In early January Cookie Creations sends an invoice for $450 to the community center. A count reveals that $1,025 of baking supplies were used. A cell phone invoice is received for $75. The invoice is for services provided during the month of December and is due on January 15. Because the cookie-making class occurred unexpectedly on December 31 and is for such a large group of children, Natalie's assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour. An analysis of the unearned revenue account reveals that two of the five classes paid for by the local school board on December 9 still have not been taught by the end of December. The $60 deposit received on December 19 for another class also remains unearned. Using the information gathered from above and from the November trial balance, do the following: Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts Round onowers to Odecimal places 45.275. Record journal entries in the onder presented in t problem) Date Account Titles and Explanation Debit Credit eTdbook and Media List of Accounts Pot the Decembertransactions Use the general ledger accounts showe Cash > > >> > > > > > Accounts Receivable Supplies Prepaid Insurance Equipment Website Accounts Payable Unearned Service Revenue Note: Parable Common Stock Question 4 of 4 -/30 Dividends Service Revenue Utilities Expense Salaries and Wages Expense eTextbook and Media List of Accounts Prepare a trial balance at December 31, 2020. COOKIE CREATIONS INC. Trial Balance Totals eTextbook and Medla List of Accounts Debit Credit Question 4 of 4 List of Accounts -/30 1 Prepare adjusting journal entries the north of December feetypes" Diye the counter and mer 0e the nuts Credit accounts are antically ind canaristel Deret indet money Roadnow Odicinal pla5775) No Date Account Titles and Explanation Debit Credit Dec L 21 2 31 De 31 D S 31 Dec 31 D 2 31 DC B 31 21 Dec 10 webook and e Out of Account Patatiuating tra Post adjusting entries for the month of December (Peteve Cash 11/30 B 240 12/15 50 12/5 90 12/36 600 129 300 12/29 1,250 12/9 750 12/23 900 12/19 40 12/28 500 12/22 3000 Accounts Receivable 15/30 12/23 Supplies 11/30 220 12/22 1250 Prepaid Insurance 11/30 1.200 Equipment 11/30 Bal 1200 Accumulated Depreciation-ment Website 11/30 Bal Accounts Payable 12/15 12/16 Interest Payable Salaries and Wages Payable Unearned Service Revenue 12/5 600 200 12/9 1,000 50 11/30 650 600 601130 60 22/9 750 300 Question 4 of 4 Unearned Service Revenue 12/3 v 11/30 129 750 12/19 40 Netes Payable 11/30 2000 Common Stock 11/20 900 Dividends 12/26 500 Service Revenue 11/30 12/22 Exper Supplies Expense Depreciation Experie Interest Expense wce Expe Amortization Exper 10 400 150 1223 4,000 -/30 1 List of Accounts Prepare an adiated trial balance of Dear 21.2000 COOKE CREATIONS INC Adjusted Trial Balance Totals eTebook and Med Lan of Accounts Debit Credit Question 4 of 4 List of Accounts /301 Prepare an income statement for the 2-month period ending Decmber 21.2000 ve amountsining either angive sin preceding the number ca 45rpmhemes (4 COOKE CREATIONS INC. Income Stateme Tenbook and Media Let of Accounts Prepare a retain COOKE CREATIONS INC Retained Carnings Statement Tebook and ad List of Accounts < < COONE CREATIONS INC Balance Sheet Liabilities and Stockholders' Equity Assets 30 Question 4 of 4 List of Accounts Prepare closing entries as of December 31,2020) Indent manually 5275 Date Account Titles and Explanation Dec 31 De 31 To close revenue account D Ta dose one accoun 31 Dec 31 clic Tenbook and Media Ust of Accounts Patwing Cast -1301 Debit Credit 11/300 12% 800 120 1330 2319 7303223 400 32/34 500 Question 4 of 4 Pest doing antries se of December 21, 2000 for the aut Cach 11/30 12/3 52 600 129 300 1223 1250 12/9 750 12/22 800 12/19 500 12/23 000 Accounts Receivable 11/2004 12/23 12/21 200 12% 1000 450 Supplies 11/20 12/23 220 123 250 1230 Prepaid Insurance 11/300 Equipment 1100 Accumulated Depreciation-orient W 11/30 Accounts Parable 12/25 12/16 Interest Pacable 1200 123 1200 1221 800 1221 50 1100 480 600 12/31 12:21 130 Question 4 of 4 Salaries and Wages Payable Unearned Service Revere 128 1201 Notes Payable 1231 4011200 450129 33/30 v 11:30 750 2000 -130 Common Stock 13/200 400 Retained Earnings Dividends 12/20 Income Summary Service Revenue > > 500 11/30 100 125 150 12/22 4.000 12/31 450 12/31 450 Service Revenue > > > < > < Utilities Expense 11/20 12/31 Salaries and Wages Expere 12/23 12/31 Supplies Exper 12/31 12/21 Depreciation Expense 12/31 Interest Expense 12/31 Insurance Expense 12/31 Amortization Expense 1231 11/30 400 12/5 150 12/23 4000 12/31 450 32/33 450 400 06 1025 100 > > < < < > eTextbook and Medla List of Accounts Prepare a post-closing trial balance. Do not let those accounts that have ending balance COOKIE CREATIONS INC. Post-Closing Trial Balance Totals eTextbook and Media List of Accounts Save for Cater Debit Credit Attempts unlimited Smk Arawer