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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
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, 2021 Debit Credit $1,420 1,050 420 1,450 1,400 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Interest Payable Unearned Service Revenue $50 360 8 Notes Payable Owner's Capital 2,400 960 Owner's Drawings 600 Service Revenue 5,380 Salaries and Wages Expense 1,207 Utilities Expense 150 Advertising Expense 200 Supplies Expense 1,230 Depreciation Expense 50 Insurance Expense 130 Interest Expense 20 $9,327 $9,327 Using the information in the adjusted trial balance, do the following. Prepare an owner's equity statement for the 2 months ended December 31, 2021. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement $ $
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