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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

Debit

Credit

Cash

$870

Accounts Receivable

650

Supplies

260

Prepaid Insurance

900

Equipment

900

Accumulated DepreciationEquipment

$30

Accounts Payable

55

Salaries and Wages Payable

41

Interest Payable

10

Unearned Service Revenue

220

Notes Payable

1,500

Owners Capital

590

Owners Drawings

370

Service Revenue

3,343

Salaries and Wages Expense

744

Utilities Expense

95

Advertising Expense

120

Supplies Expense

760

Depreciation Expense

30

Insurance Expense

80

Interest Expense

10

$5,789

$5,789

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

(a1)

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 For the Year Ended December 31, 2019For the Two Months Ended December 31, 2019December 31, 2019

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

$

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

$

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

$

(a2)

Prepare an owners equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.)

COOKIE CREATIONS Owners Equity Statement December 31, 2019For the Year Ended December 31, 2019For the Two Months Ended December 31, 2019

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

$

AddLess: DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

AddLess: DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

DrawingsExpensesNet Income / (Loss)Owners Capital, November 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues

$

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