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Question 1 of 6 > 5.53 / 16.6 Presented below is Natalie's tentative adjusted trial balance from her worksheet dated January 31, 2023: COOKIE CREATIONS
Question 1 of 6 > 5.53 / 16.6 Presented below is Natalie's tentative adjusted trial balance from her worksheet dated January 31, 2023: COOKIE CREATIONS Adjusted Trial Balance December 31, 2023 Account Debit Credit Cash $3,633 Accounts Receivable 775 Inventory 2,767 Supplies 543 Prepaid Insurance 1,705 Equipment 1,860 Accumulated Depreciation-Equipment $94 Accounts Payable 465 Notes Payable 3,100 Owner's Capital 5,160 Owner's Capital 5.160 Owner's Drawings 1,163 Sales Revenue 8,913 Cost of Goods Sold 4,611 Depreciation Expense 31 Insurance Expense 171 Salaries and Wages Expense 248 Utilities Expense 109 Freight-Out 116 $17,732 $17,732 The adjusted trial balance above is tentative because Natalie had a transaction earlier in January that she was unsure how to record. The transaction took place on January 15, when a customer asked if she could purchase three gift cards, each good for one cookie class, to use as gifts for her daughters. Natalie was excited about this new idea and collected $699 from the customer in return for three gift cards. One of the gift cards was redeemed on January 25. The transaction has not yet been recorded and is not reflected in the tentative adjusted trial balance. (c) Prepare a corrected adjusted trial balance that includes the effect of the entries from parts (a) and (b). COOKIE CREATIONS Adjusted Trial Balance Debit Credit $ $
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