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 $31,2022$

Debit Credit

Cash $$1,180$

Accounts Receivable $875$

Supplies $350$

Prepaid Insurance $1,210$

Equipment $1,200$

Accumulated Depreciation$$Equipment $ $40$

Accounts Payable $75$

Salaries and Wages Payable $56$

Interest Payable $15$

Unearned Service Revenue $300$

Notes Payable $2,000$

Owner$$s Capital $800$

Owner$$s Drawings $500$

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$

Instructions

Using the information in the adjusted trial balance, do the following.

$($a$)$ Prepare an income statement and an owner$$s equity statement for the $2$ months ended

December $31,2022,$ and a classified balance sheet as at December $31,2022.$The note

payable has a stated interest rate of $6\%,$ and the principal and interest are due on

November $16,2018.$

$($b$)$ Natalie has decided that her year$-$end will be December $31,2022.$ Prepare and post

closing entries as of December $31,2022.$

$($c$)$ Prepare a post$-$closing trial balance.