of their mixers to \$615 each, so she will only make one more purchase from them this month. She was lucky enough bo find comporable miers at Garcia Co., a local manutacturer, so she has signed a contract to buy miwers from them this month. Garcia Co. also has a $610 cost for each mixer. She sall plans to sell them for $1,200. Madison is running out of storage space in her small apartment, so ethe decides to rent a smal othoe space to hold all of her supplies and inventory. Rent is due at the beginning of each month. The following transactions ocourred during the month of December. Dec. 1 Paid 5700 rent for the month of December. Check 165. 2 Purchased three mixers on acoount from Banter Blender Supply Co. for $1,845, 1erms n/30. 4 Paid $45 freight for the December 2 purchase. Check 167. 6 Sold three mbers for $3,600 on account to Seatood Shack, invoice 1012, terms n/30: 7 Bought four mixers on account trom Garcia Co far $2.440, terms n/30. B. Collected the amount due from Peter's Pastries for the November 23 transaction. 9 Returned one of the mixers purchased on Dee 7m because it was damaged during shipping. Garcia Co. Issues Sweet Treats credt for the cost of the mover. 10. Paid Eatter Blender the amount due for the December 2 purchase. Check 168. 12 Bought three mixers on account from Garcia Ca. for $1,830, terms n/30. 13. Paid $45 freight for the December 7 purchase. Check 169. 16. Three maxers are sold on account for $3,600 to the Chop House, imolice 1013, terms w/30. 16 One mber is sold to a new customer, Baget Depot, on account for $1,200, mwoice 1014, terms n/30. 18 Paid a $75 cell phone bil far December. Check 170. 19 Paid 545 freight for items received on the December 12 purchase. Cheok 171. 20 Taught a 3hr oupcake making class at Winslow Sweets for $150 per hour. Winslaw Sweets paid in tul at the end of the class. 20. Paid Garcia Co. the amount due for the December 7 purchase. Check 172. 20 Collected the amount due from Chap House for the December 16 transaction. 21 Purchased baking supples for $350 cash. Check 173. 23 Isgued a check to Madson's assistant for $9e0 for the first two weeks in Dedember. Check 174. 23 Two mbers are sold an acoount for $2,400 to the Chap House, invoice 1015, terms n/30. 24 Taught a 2 hr holday cookie workshop at Young Souls, the local senior center. Madison affered her workshop at a dsoounted price of $50 per hour. She lett irwoice 1016 with the director of Young Souls after the workshop. 25. Collected the amount due from Bogel Depot for the December 16 transaction. 27 Madison whtrew $1,200 cash for persanal use. Check 175. As of December 31, the following adjusting entry data is avaliable. 1. Accrued utilities botal 5340 for the current manth. 2. Anather manth's warth of depreciation needs to be recorded on the baiking equipment. 3. A count reveals that $135 of baking supplies are remaining in the supply room. 4. Anather manthis worth of insurance has expired 5. Madison owes her assistant $960 for the last two weeks of December, but will not pay t until January 2. 6. Madison records another month of accrued interest on her grandma's loan. At year end, Madison completes al the financial stabements and closes out the year._.Madison is: making huge strides in her entrepreneurship program by starting up Sweet Treats and she cannot thank her triends and family enough for all their support. In the new year, Madison intends on oontinuing to sell mbers and provide classes on mulaple baking needs. She is even considering attending culnary classes at CNM to leam new things she can incorporate into her business. of their mixers to \$615 each, so she will only make one more purchase from them this month. She was lucky enough bo find comporable miers at Garcia Co., a local manutacturer, so she has signed a contract to buy miwers from them this month. Garcia Co. also has a $610 cost for each mixer. She sall plans to sell them for $1,200. Madison is running out of storage space in her small apartment, so ethe decides to rent a smal othoe space to hold all of her supplies and inventory. Rent is due at the beginning of each month. The following transactions ocourred during the month of December. Dec. 1 Paid 5700 rent for the month of December. Check 165. 2 Purchased three mixers on acoount from Banter Blender Supply Co. for $1,845, 1erms n/30. 4 Paid $45 freight for the December 2 purchase. Check 167. 6 Sold three mbers for $3,600 on account to Seatood Shack, invoice 1012, terms n/30: 7 Bought four mixers on account trom Garcia Co far $2.440, terms n/30. B. Collected the amount due from Peter's Pastries for the November 23 transaction. 9 Returned one of the mixers purchased on Dee 7m because it was damaged during shipping. Garcia Co. Issues Sweet Treats credt for the cost of the mover. 10. Paid Eatter Blender the amount due for the December 2 purchase. Check 168. 12 Bought three mixers on account from Garcia Ca. for $1,830, terms n/30. 13. Paid $45 freight for the December 7 purchase. Check 169. 16. Three maxers are sold on account for $3,600 to the Chop House, imolice 1013, terms w/30. 16 One mber is sold to a new customer, Baget Depot, on account for $1,200, mwoice 1014, terms n/30. 18 Paid a $75 cell phone bil far December. Check 170. 19 Paid 545 freight for items received on the December 12 purchase. Cheok 171. 20 Taught a 3hr oupcake making class at Winslow Sweets for $150 per hour. Winslaw Sweets paid in tul at the end of the class. 20. Paid Garcia Co. the amount due for the December 7 purchase. Check 172. 20 Collected the amount due from Chap House for the December 16 transaction. 21 Purchased baking supples for $350 cash. Check 173. 23 Isgued a check to Madson's assistant for $9e0 for the first two weeks in Dedember. Check 174. 23 Two mbers are sold an acoount for $2,400 to the Chap House, invoice 1015, terms n/30. 24 Taught a 2 hr holday cookie workshop at Young Souls, the local senior center. Madison affered her workshop at a dsoounted price of $50 per hour. She lett irwoice 1016 with the director of Young Souls after the workshop. 25. Collected the amount due from Bogel Depot for the December 16 transaction. 27 Madison whtrew $1,200 cash for persanal use. Check 175. As of December 31, the following adjusting entry data is avaliable. 1. Accrued utilities botal 5340 for the current manth. 2. Anather manth's warth of depreciation needs to be recorded on the baiking equipment. 3. A count reveals that $135 of baking supplies are remaining in the supply room. 4. Anather manthis worth of insurance has expired 5. Madison owes her assistant $960 for the last two weeks of December, but will not pay t until January 2. 6. Madison records another month of accrued interest on her grandma's loan. At year end, Madison completes al the financial stabements and closes out the year._.Madison is: making huge strides in her entrepreneurship program by starting up Sweet Treats and she cannot thank her triends and family enough for all their support. In the new year, Madison intends on oontinuing to sell mbers and provide classes on mulaple baking needs. She is even considering attending culnary classes at CNM to leam new things she can incorporate into her business