Natalie puts together the following additional information, 1. 2. 3. A count reveals that $35 of baking supplies were used during November Natalie estimates that all of her baking equipment will have a useful life of 5 years or 60 months. Assume Natalie decides to record a full month's worth of depreciation regardless of when the equipment was obtained by the business.) Natalie's grandmother has decided to charge interest of 6% on the note payable extended on November 16. The loan plus interest is to be repaid in 24 months. (Assume that half a month of interest accrued during November.) On November 30, a friend of Natalie's asks her to teach a class at the neighborhood school. Natalie agrees and teaches a group of 35 first-grade students how to make Santa Claus cookies. The next day, Natalie prepares an invoice for $300 and leaves it with the school principal. The principal says that he will pass the invoice along to the head office, and it will be paid sometime in December Natalie receives a utilities bill for $45. The bill is for utilities consumed by Natalie's business during November and is due December 15. 4. 5. Your answer is partially correct. Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 35 Nov. 30 Supplies Expense Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 Nov. 30 Supplies Expense 35 Supplies 35 2 . Nov. 30 Depreciation Expense 20 Accumulated Depreciation Equipment 20 3. Nov. 30 Interest Expense Interest Payable 300 4. Nov. 30 Accounts Receivable 300 Service Revenue 15 5. Nov. 30 lity Expense 05 Utility Payable Cash Debit Credit Balance Date Explanation Ref. Nov. 30 Balance 245 Accounts Receivable Debit Date Explanation Ref. Credit Balance 245 Nov. 30 J2 Supplies Credit Balance Debit Date Explanation Ref. Nov. 30 Balance 125 125 30 J2 125 Prepaid Insurance Debit Credit Balance 1.320 Date Explanation Ref. Nov. 30 Balance Equipment Debit Credit Balance Date Explanation Ref. 1.200 Nov. 30 Balance Accumulated Depreciation-Equipment Accumulated Depreciation-Equipment Date Explanation Ref. Debit Credit Balance Nov. 30 Accounts Payable Date Explanation Ref. Debit Credit Balance Nov. 30 J2 Interest Payable Date Explanation Ref. Debit Credit Balance Nov. 30 02 Unearned Service Revenue Debit Debit Credit Balance Date Explanation Ref. Nov. 30 Balance 30 Notes Payable Debit Credit Balance Date Explanation Ref. Nov. 30 Balance 2.000 Common Stock Debit Credit Balance Date Explanation Ref. RA NININ Service Revenue Date Explanation Ref. Debit Credit Balance Nov. 30 Balance v 125 30 J2 Utilities Expense Debit Date Explanation Ref. Credit Balance Nov. 30 J2 Advertising Expense Debit Credit Balance Date Explanation Ref. Nov. 30 Balance 65 Supplies Expense Balance Debit Credit Date Explanation Ref. J2 Nov. 30 Depreciation Expense Debit Credit Balance Date Explanation Ref. 32 Nov. 30 Interest Expense 2.42/10 15 Interest Expense Date Explanation Ref. Debit Credit Balance Nov. 30 J2 List of Accounts X Your answer is incorrect. Prepare an adjusted trial balance. COOKIE CREATIONS Adjusted Trial Balance Debit Credit $ COOKIE CREATIONS Adjusted Trial Balance Debit Credit $ IORITOITUT DOBRE Totals List of Accounts X Your answer is incorrect. Using the adjusted trial balance calculate Cookie Creations' net income or net loss for the month of November 2018, x Your answer is incorrect Using the adjusted trial balance calculate Cookie Creations' net income or net loss for the month of November 2018, $ List of Accounts