Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

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

$1,460

Accounts Receivable

1,085

Supplies

430

Prepaid Insurance

1,500

Equipment

1,500

Accumulated DepreciationEquipment

$50

Accounts Payable

95

Salaries and Wages Payable

69

Interest Payable

20

Unearned Service Revenue

370

Notes Payable

2,500

Owners Capital

990

Owners Drawings

620

Service Revenue

5,588

Salaries and Wages Expense

1,247

Utilities Expense

155

Advertising Expense

205

Supplies Expense

1,270

Depreciation Expense

50

Insurance Expense

140

Interest Expense

20

$9,682

$9,682

(a2)

Partially correct answer icon

Your answer is partially correct.

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

$

:

:

$

eTextbook and Media

List of Accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

5th Edition

0130906999, 978-0130906991

More Books

Students explore these related Accounting questions