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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.

COOKIE CREATIONS
Adjusted Trial Balance
December 31, 2019
DebitCredit
Cash$1,180
Accounts Receivable875
Supplies350
Prepaid Insurance1,210
Equipment1,200
Accumulated Depreciation-Equipment$40
Accounts Payable75
Salaries and Wages Payable56
Unearned Service Revenue300
Notes Payable2,000
Interest Payable15
Common Stock800
Dividends500
Service Revenue4,515
Salaries and Wages Expense1,006
Utilities Expense125
Advertising Expense165
Supplies Expense1,025
Depreciation Expense40
Insurance Expense110
Interest Expense15
$7,801$7,801

1) Prepare an income statement for the 2 months ended December 31, 2019

2) Prepare a retained earnings statement for the 2 months ended December 31, 2019.

3) Prepare a classified balance sheet on December 31, 2019. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2018.

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