Note: This is a continuation of the Cookie Chronicle from Chapters 1 through 3.)

CCC4

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, 2011

Debit

Credit

Cash

$1,180

Accounts Receivable

875

Supplies

350

Prepaid Insurance

1,210

Equipment

1,200

Accumulated Depreciation