December 31: December 31: December 31: December 31: December 31: December 31: December 31: December 31: Determined that we earned (but haven't received} $1,700 in interest revenue on our savings account during the year. We earned $2.850 of revenue from sweets sales during December 2018 that had been paid for in advance by our customers. The cost of those sweets was $1.000. Prepare entries to record both the sale and cost of goods sold. The entire year's advertising campaign {$1.200 per month) was paid in advance on January I. 2013 (recorded in January) one month of Prepaid Advertising remains. Determined that there were $350 of supplies remaining at the end of the period. December utilities are $1.900. The bill will be paid in January 2019. Unrecorded bad debt expense for 2018 has been estimated at $2.100. The long term note payable was recorded on June 1. 2018. The interest and the note are due on July 31. 2025. The interest rate is 12%. Record the 2018 interest expense. Calculate Net Income Before Taxes and then record income taxes as 35% of this number (use the MultipleStep Income Statement) use this tax a to record the nal adjusting entry for Income Tax Expense (I: Income Tax Payable AND as the Income Tax Expense gure in your MultipleStep Income Statement. Note -) The taxes will be paid in March 2019