using the information provided:

1) create a classified balance sheet at December 31,2019. The note payable has a stated interest of 6% and the principal and interest are due on November 16,2021. List current assets in order of liquidity.

2) Natalie has decided that her year-end will be December 31,2019.create closing entries as of December 31, 2019.

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, 2019 Debit Credit Cash $1,040 Accounts Receivable 770 Supplies 310 Prepaid Insurance 1,060 Equipment 1,100 Accumulated Depreciation-Equipment $40 Accounts Payable 65 Salaries and Wages Payable 49 Interest Payable 15 Unearned Service Revenue 260 Notes Payable 1,800 Owner's Capital 700 Owner's Drawings 440 Service Revenue 3.986 Salaries and Wages Expense 385 Utilities Expense 110 Advertising Expense 145 Supplies Expense 900 Depreciation Expense 40 Insurance Expense 100 Interest Expense 15 $6.915 $6.915 Using the information in the adjusted trial balance, do the following- Your answer is partially correct. Prepare a classified balance sheet at December 31, 2019. The note payable has a stated interest rate of 6%%, and the principal and interest are due on November 16, 2021. (List Current Assets in order of liquidity.) COOKIE CREATIONS Balance Sheet December 31, 2019 Assets Current Assets Cash $ 1040 Accounts Receivable 770 Supplies 310 Prepald Insurance 1060 Total Current Assets Property, Plant and Equipment Equipment 1100 Less V Accumulated Depreciation-Equipment -40 i Total Assets $ Liabilities and Owner's Equity Current Liabilities Accounts Payable Salaries and Wages Payable Interest Payable $ Total Liabilities Owner's Equity Owner's Capital Total Liabilities and Owner's Equity v(b) Your answer is partially correct. Natalie has decided that her year-end will be December 31, 2019. Prepare closing entries as of December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. Service Revenue 31 Income Summary (To close revenue account) Dec. 2195 31 Income Summary Salaries and Wages Expense 885 Utilities Expense 110 Advertising Expense 145 Supplies Expense 900 Depreciation Expense 40 Insurance Expense 100 Interest Expense 15 (To close expense accounts) Dec. Income Summary 31 Owner's Capital (To close net income / (loss)) Dec. Owner's Capital 440 31 Owner's Drawings 440 (To close drawings)