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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. Credit COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Cash $990 Accounts Receivable 735 Supplies 290 Prepaid Insurance 1,020 Equipment 1,000 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue Notes Payable Owner's Capital Owner's Drawings 420 Service Revenue Salaries and Wages Expense 845 Utilities Expense 105 Advertising Expense 140 Supplies Expense 860 Depreciation Expense 30 Insurance Expense 90 Interest Expense $6,540 $30 65 47 15 250 1,700 670 3,763 15 $6,540 Using the information in the adjusted trial balance, do the following. (a 1) Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) COOKIE CREATIONS Income Statement $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (a2) 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 $ $ Liabilities and Owner's Equity $ $ $ $
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