Question
Question: CC4 It is the end of November and Natalie has been in touch with her grandmother. Her grandmother asked Natalie how well things went
Question: CC4 It is the end of November and Natalie has been in touch with her grandmother. Her grandmother asked Natalie how well things went in her first month of business. Natalie, too, would like to know if her business has been profitable or not during November. Natalie realizes that in order to determine Cookie Creations' income, she must first make adjustments.
Debit | Credit | |
Cash | 340 | |
A/R | 300 | |
Supplies | 220 | |
Prepaid Ins | 1200 | |
Equipment | 1200 | |
Website | 600 | |
A/P | 650 | |
Unearned Service Rev | 60 | |
Notes Payable | 2000 | |
Common Stock | 800 | |
Service Rev | 400 | |
Utilities Expense | 50 | |
Total | 3910 | 3910 |
I have this information as well:
General Journal | |||
Date | Description(Account Name) | Debit | Credit |
Nov. 8 | No journal entry required | ||
Nov 8. | No journal entry required | ||
Nov. 8 | Cash | 500 | |
Common Stock | 500 | ||
Nov. 11 | Supplies | 95 | |
Cash | 95 | ||
Nov. 14 | Supplies | 125 | |
Cash | 125 | ||
Nov. 15 | Equipment | 300 | |
Common Stock | 300 | ||
Nov. 16 | Cash | 2,000 | |
Notes Payable | 2,000 | ||
Nov. 17 | Equipment | 900 | |
Cash | 900 | ||
Nov. 18 | No journal entry required | ||
Nov. 25 | Cash | 60 | |
Unearned Service Revenue | 60 | ||
Nov. 29 | Cash | 100 | |
Service Revenue | 100 | ||
Nov. 30 | Website | 600 | |
Accounts Payable | 600 | ||
Nov. 30 | Prepaid Insurance | 1,200 | |
Cash | 1,200 | ||
Nov. 30 | Accounts Receivable | 300 | |
Servcie Revenue | 300 | ||
Nov. 30 | Utilities Expense | 50 | |
Accounts Payable | 50 | ||
Total | 6,230 | 6,230 |
a) Prepare journal entries to record the December transactions. I know there are no December JEs, that is what the question is asking for. Is it unanswerable?
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