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View Policies Current Attempt in Progress Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions
View Policies Current Attempt in Progress 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, 2021 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment $1,250 930 370 1,280 1,300 Accumulated Depreciation-Equipment $40 Accounts Payable 80 Salaries and Wages Payable 59 Interest Payable 15 Unearned Service Revenue 320 Notes Payable 2,100 Owner's Capital 850 Owner's Drawings 5301 4832 Question 1 of 1 > Salaries and Wages Expense Utilities Expense 1,066 135 Advertising Expense 175 Supplies Expense 1,085 Depreciation Expense 40 Insurance Expense 120 Interest Expense 15 $8,296 $8.296 Using the information in the adjusted trial balance, do the following. -/1 (a1) Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) COOKIE CREATIONS Income Statement Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg (45)) COOKIE CREATIONS Income Statement Prepare an owner's equity statement for the 2 months ended December 31.2021. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement eTextbook and Media: List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (a3) Prepare a classified balance sheet at December 31, 2021. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2023. (List Current Assets in order of liquidity) COOKIE CREATIONS Balance Sheet Assets $ Prepare a classifed balance sheet at December 31, 2021. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2023. (List Current Assets in order of liquidity.) COOKIE CREATIONS Balance Sheet Assets Liabilities and Owner's Equity Liabilities and Owner's Equity Natalie has decided that her year-end will be December 31, 2021. Prepare closing entries as of December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Question 1 of 1 Dec. 31 (To close expense accounts) Dec. 31 (To close net income/(loss)) (To close drawings) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Question 1 of 1 COOKIE CREATIONS Post-Closing Trial Balance Debit Credit
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