Question
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance.
COOKIE CREATIONS Adjusted Trial Balance December 31, 2016 | ||||
Debit | Credit | |||
Cash | $1,180 | |||
Accounts Receivable | 875 | |||
Supplies | 350 | |||
Prepaid Insurance | 1,210 | |||
Equipment | 1,200 | |||
Accumulated DepreciationEquipment | $40 | |||
Accounts Payable | 75 | |||
Salaries and Wages Payable | 56 | |||
Unearned Service Revenue | 300 | |||
Notes Payable | 2,000 | |||
Interest Payable | 15 | |||
Common Stock | 800 | |||
Dividends | 500 | |||
Service Revenue | 4,515 | |||
Salaries and Wages Expense | 1,006 | |||
Utilities Expense | 125 | |||
Advertising Expense | 165 | |||
Supplies Expense | 1,025 | |||
Depreciation Expense | 40 | |||
Insurance Expense | 110 | |||
Interest Expense | 15 | |||
$7,801 | $7,801
Prepare an income statement for the 2 months ended December 31, 2016. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) |
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