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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 Cash $970 Accounts Receivable 720 Supplies 290 Prepaid Insurance 990 Equipment 1,000 Accumulated Depreciation-Equipment Accounts Payable $30 60 46 Salaries and Wages Payable 609 Search 60F Interest Payable Unearned Service Revenue Notes Payable Owner's Capital 10 250 1,600 660 Owner's Drawings 410 Service Revenue 3,759 Salaries and Wages Expense 825 Utilities Expense 105 Advertising Expense 135 Supplies Expense 840 Depreciation Expense 30 Insurance Expense 90 Interest Expense 10 $6,415 $6,415 Q Search 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 eTextbook and Media List of Accounte Prepare a classified balance sheet at December 31, 2021. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2023. (List Current Assets in order of liquidity) COOKIE CREATIONS Balance Sheet Assets Q Search Liabilities and Owner's Equity $ Liabilities and Owner's Equity $ $ (b) Natalie has decided that her year-end will be December 31, 2021. Prepare closing entries as of December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Dec. 31 (To close revenue account) Question 1 of 1 0.2/1 E !!! Dec. 31 (To close expense accounts) Dec. 31 (To close net income/(loss)) Question 1 of 1 < Dec. 31 (To close net income/(loss)) (To close drawings) 0.2/1 !!! Prepare a post-closing trial balance. COOKIE CREATIONS Post-Closing Trial Balance Debiti Credit Question 1 of 1 < 0.2/1 Question 1 of 1 Totals 0.2/1
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