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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
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IGNORE THE EXTRA DEC 31 LINE (THE SINGLE ENTRY)
Cookie creations Adjsuted trial balance items Cash Accounts receivbale Supplies prepaid insurance Euipment Acc depriciation Website Accounts payable Salaries and wages payable Unearned service revenue Notes payable Interest payable common stock Dividends Service revenue Utilties expense Salaries and wages expense Supplies expense depreciation expense Amortization expense Interest expense Insurance expense Debit Credit 1340 1450 400 1100 1200 40 575 75 56 360 2000 23 800 500 5450 125 856 1070 40 25 23 100 8804 8804 Income statement for the two months ended dec 31 Revenues Service revenue Total Revenues 5450 5450 Operating expenses Utilties expense Salaries and wages expense Supplies expense depreciation expense Amortization expense Interest expense Insurance expense Total operating expenses 125 856 1070 40 25 23 100 2239 Net Income/(Loss) 3211 Cookie creations Adjsuted trial balance items Cash Accounts receivbale Supplies prepaid insurance Euipment Acc depriciation Website Accounts payable Salaries and wages payable Unearned service revenue Notes payable Interest payable common stock Dividends Service revenue Utilties expense Salaries and wages expense Supplies expense depreciation expense Amortization expense Interest expense Insurance expense Debit Credit 1340 1450 400 1100 1200 40 575 75 56 360 2000 23 800 500 5450 125 856 1070 40 25 23 100 8804 8804 Income statement for the two months ended dec 31 Revenues Service revenue Total Revenues 5450 5450 Operating expenses Utilties expense Salaries and wages expense Supplies expense depreciation expense Amortization expense Interest expense Insurance expense Total operating expenses 125 856 1070 40 25 23 100 2239 Net Income/(Loss) 3211 Date General Journal Debit Credit Dec-01 No ent Dec-05 Cash 90 60 Unearned service revenue service revenue 150 Dec-08 Cash 300 Accouns receivable 300 Dec-09|Cash 750 Unearned service revenue 750 Dec-15Accounts payable 50 cash 50 Dec-16 Accounts payable 600 cash 600 Dec-19 Cash 60 Unearned service revenue 60 Dec-23 Cash 3000 1000 Accounts receivbale Service revenue 4000 Dec-23 Supplies 1250 cash 1250 Dec-23 Salaries and wages expense 800 cash 800 Dec-28 dividends 500 cash 500 Adjusting entries Dec-31 Supplies expense Supplies 45 45 Dec-31 Depriciation expense 40 Acc depriciation 40 Dec-31 Amortization expense 25 website 25 Prepare closing entries as of December 31, 2017. (Credit account titles are automatically inde "No entry" for the account titles and enter O for the amounts. Round answers to 0 decim Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)Step by Step Solution
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