Prepare and post closing entries as of December 31, 2014, and prepare a post closing trial balance.

Accrual Accounting Concepts 16 19 23 23 23 28 Natalie an mistant at an hmarlywagc administrative duties. Natalie the that was booked 25. outstanding is received. Creations a check for the due the school for the class giun on 30. Cookie Creations S750 in ad a five thal thc will give during Pays the Cell outstanding at 30. a check to Natalie' the owed a Of $60 on a Class scheduled for early January Additional revenue during month for ccnkiemaking (Natalie not time to account fm each class individually D in has collected and S I ,OOO is Still outstanding. (This addition to the 5 and Decernixr 9 tralWICtiom,) Additional baking supplies purchased during the sugar. chocolate chips atnount to S I .2SO a check to Natalie' assistant for assistant approximately 100 from the time in which She hired December 23. Pays a dividend of S500 to the common shareholder (Natalie). As of Decemlxr 31, Cookie Crcatimts' year-end, the G)llowing adjtting entry data provi ded. 1. A count reveals that $45 of brochures and posters were used. 2, is recorded on the baking equipment purchased in ing equipment has a useful life Of 5 years, Assume that 2 months' Of tion is _ Amortization (which is similar to depreciation) is recorded on the website. Website directly the amount of the amortization.) Thc website is a useful life of 2 years and Was available for on December 4. Interest on the note payable is accrued- (Assume that 1.5 months Of during November and December,) Round to the nearest dollar. Onc month's worth of insurance has expired. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neigh- 6. borhood community center on December 3 1 In early January, Cookie Creations an invoice for S450 to the community center. 7. A count reveals that $1,025 of baking supplies Were used. A cell phone invoice is received for $75. The invoice is for services provided duringtbc month of December and is due on January 15. Because the unexpected cookie-making class on December 31 was for such a group of children. Natalie's assistant helps out. Her assistant worked 7 hours t rate of SS per hour. 10. An analysis of the Unearned Service Revenue account reveals that two of the classes paid for by the local school board on December 9 still have not k*en taught b the end of December The $60 deposit received On December 19 for another class remains unearned.