ent: Cookie Case, Part II Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Cash Supplies Prepaid Insurance COOKIE CREATIONS Trial Balance November 30 Equipment Unearned Service Revenue Notes Payable Owner's Capital Service Revenue CELITIK Advertising Expense Totals After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations as a proprietorship. She then starts the process of getting the business running. In November 2021, the following activities take place. The following trial balance for November 30. Debit Credit $800 120 1,240 DocCare 1,080 60 $30 2,400 750 120 Hospital Recruiting MD CareerMD $3,300 $3,300 NurseCafe PracticeMatch Sense Messaging P Profiles 0.2/1 E : MedNa
Post the adjusting journal entries. (Post entries in the order of joumal entries presented in the previous question) After researching the different forms of business organization, Natalie Kocbel decides to operate \"Cookie Creations\" as a proprietorship. She then starts the process of getting the business running. in Nowember 2021, the following activities take place. The following trial balance for November 30 , After researching the different forms of business organization, Natalie Kocbel decides to operate \"Cookie Creations\" as a proprietorship. She then starts the process of getting the business running. in Nowember 2021, the following activities take place. The following trial balance for November 30 , Post the adjusting journal entries, (Post entries in the order of journal entries presented in the previous question) Prepare an adjusted trial balance. Question 1 of 1 \\( 0.2 / 1 \\) Accumulated Depreciation-Equipment Credit Balance Date Explanation Ref. Debit Credit Balance Nov, 30 32 Service Revenue Date Explanation Ref. Debit Credit Balance Prepare the adjusting journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Nov. 8 Natalie cashes her U.S. Savings Bonds and receives \\$490, which she deposits in her personal bank account. 8 She opens a bank account under the name \"Cookie Creations\" and transfers \\( \\$ 470 \\) from her personal account to the new account. 11 Natalie pays \\( \\$ 60 \\) for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for \\( \\$ 120 \\) cash. (Hint Use Supplies account) 14 Natalie starts to gather some baking equipment to take with her when teaching the cookie classes. She has an excellent top-of-the-line food processor and mixer that originally cost her \\( \\$ 710 \\). Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth \\( \\$ 280 \\). She invests the equipment in the business. 16 Natalie realizes that her initial cash investment is not enough. Her grandmother lends her \\( \\$ 2,400 \\) cash, for which Natalie sigrs a note payable in the name of the business. Natalie depqgits the money in the business bank account. (Hint: The note does not have to be repaid for 24 months. As a resuit, the note payable should be reported in the accounts as the last liability and also on the balance sheet as the last Fiabilityd 17 She buys more baking equipment for \\( \\$ 800 \\) cash, 20 She teaches her first class and collects \\( \\$ 120 \\) cash. 25. Natalie books a second class for December 4 for \\( \\$ 140 \\). She receives \\( \\$ 30 \\) cash in advance as a down payment. 30 Natalie pasys \\( \\$ 1,240 \\) for a one-year insurance policy that will expire on December 1,2022. It is the end of November, and Natalic has been in touch with her grandmother. Her grandmother asked Natalie 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 toguther the following additional information. Question 1 of 1 Service Revenue It is the end of November, and Natalie has been in touch with her grandmother. Her grandmother asked Natalie 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 makr adjustments. Natalie puts together the following additional information. 1. A count reveals that \\( \\$ 35 \\) of baking supplies were used during November, 2. Natalie estimates that all of her baking equipment will havet a useful life of 5 years or 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 interest of \5 on the note payable extended on November 16. The loan plus interest is to be ropaid 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 teacha class at the neichborhood school, Natalie agrees and teaches a group of 35 first grade students how to make gingerbread cookiek The next diy. Natalie prepares an invoice for 5280 and leaves it with the school principal. The principal says that he will pass the imvoice along to the head office, and it will be paid sometime in Decernber. 5. Natalie receives a utilities bill for \\( \\$ 40 \\). The bill is for utilities corsurned by Natalie's business during November and is due December 15. Using the information above, do the following
