Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

i dont quite underatand how to solve this promblem Dokle Creations 4 a-c atalie had a very busy December. At the end of the month,

i dont quite underatand how to solve this promblem image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Dokle Creations 4 a-c atalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash $1,350 Accounts Receivable 1,000 Supplies 400 Prepaid Insurance 1,380 Equipment 1,400 Accumulated Depreciation-Equipment $50 Accounts Payable 85 Salaries and Wages Payable 64 Interest Payable 15 Unearned Service Revenue 340 Notes Payable 2,300 Owner's Capital 910 Owner's Drawings 570 Service Revenue 5,183 Salaries and Wages Expense 1,147 Utilities Expense 145 Advertising Expense 190 Supplies Expense 1,170 Depreciation Expense 50 Insurance Expense 130 Interest Expense 15 $8,947 $8.947 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 either a negative sign preceding the number eg.-5 or parenthese COOKIE CREATIONS Income Statement VIC GUJU U VUONLEVO U TURY. Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign pre COOKIE CREATIONS Income Statement 1 SHOW UST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare an owner's equity statement for the 2 months ended December 31, 2012 Prepare an owner's equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement $ - SHOW LIST OF ACCOUNTS 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 COOKIE CREATIONS Balance Sheet December 31, 2019 Assets S Weygandets Accounting Principles, 13e 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, 2021. (List Cu. COOKIE CREATIONS Balance Sheet December 31, 2019 Assets Liabilities and Owner's Equity Liabilities and Owner's Equity . SHOW LIST OF ACCOUNTS LINK TO TEXY LINK TO TEXT Natalie has decided that her year-end will be December 31, 2019. Prepare closing entries as of December 31, 2019. (Credit accountles are automatically indented when amount is Date Account Titles and Explanation Debit Credit Dec 31 To dose revenue account) Dec. 31 Principles, 13e Help System Announcements Natalie has decided that her year-end will be December 31, 2019. Prepare closing entries as of December 31, 2019. (Credit account titles are automatically indented when am Date Account Titles and Explanation Dec. 31 Debit Credit I (To dose revenue account) Dec. 31 (Todose expense accounts) Dec. 31 (To cose net income / (loss) Dec. 31 (Todose drawings) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance. COOKIE CREATIONS Post-Closing Trial Balance December 31, 2019 LINK TO TEXT LINK TO TEXT Prepare a post-closing trial balance. COOKIE CREATIONS Post-Closing Trial Balance December 31, 2019 Debit Credit Cash $ Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue Notes Payable Owner's Capital Totals Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Decision Making and Motivating Performance

Authors: Srikant M. Datar, Madhav V. Rajan

1st edition

132816245, 9780132816243, 978-0137024872

Students also viewed these Accounting questions