Question: All one question A trial balance is presented below for November 30, 2019 . realizes that in order to de imereint Cookin Creations' incomes itve

All one question
All one question A trial balance is presented below for November 30,
2019 . realizes that in order to de imereint Cookin Creations' incomes
itve ment first male adjustmenti. Natalie pets tognther thun follawing additional informstion.
Natalie puts together the following additional information. 1. A count reveals that
$35 of baking supplies were used during November. 2. Natalie estimates that
all of her baking equipment will have a useful life of 5
years or 60 months. (Assume Natalie decides to record a full month's
worth of depreciation, regardless of when the equipment was obtained by the
business. 3. Natalle's grandmother has decided to charge interest of 6% on
the note payable extended on November 16 . The loan plus interest

A trial balance is presented below for November 30, 2019 . realizes that in order to de imereint Cookin Creations' incomes itve ment first male adjustmenti. Natalie pets tognther thun follawing additional informstion. Natalie puts together the following additional information. 1. A count reveals that $35 of baking supplies were used during November. 2. Natalie estimates that all of her baking equipment will have a useful life of 5 years or 60 months. (Assume Natalie decides to record a full month's worth of depreciation, regardless of when the equipment was obtained by the business. 3. Natalle's grandmother has decided to charge interest of 6% on the note payable extended on November 16 . The loan plus interest is to be repaid in 24 months. (Assume that half a month of interest acerued during November) 4. On November 30 , a friend of Natalie's asks her to teach a class at the neighborhood school. Natalle ogrees and teaches a group of 35 first-grade students how to make Santa Claus cookles. The next day, Natalie prepares an invoice for $300 and leaves it with the school principal. The principal says that he will pass the invoice along to the head otfice, and it will be paid sometime in December. 5. Natalie receives a utilities bill for $45. The bill is for utilities consumed by Natalie's business during November and is due December 15. Prepare the adjusting journal entries. (Credit account titles are outomatically indented when amount is entered Do not indent manually) Pont the adjusting iournal entries (Pout entries in the orfer of journal entries presented in the previous question) \begin{tabular}{|ccc|} \hline & \multicolumn{2}{c}{ Service Revenue } \\ \hline Date Explanation Ref. & Debit & Credit \\ Nov, 30 Balance & & \\ 30 & 12 & \end{tabular} Prepare an adjusted trial balance: ETerbbohi ond Mestit Using the adjusted trial balance, calculate Cookie Creations' net income or net loss for the month ot Nowember 2019

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