COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance...

  

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COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment $1,180 875 350 1,210 1,200 Accumulated Depreciation-Equipment $40 Accounts Payable 75 Salaries and Wages Payable 56 Unearned Service Revenue 300 Notes Payable 2,000 Interest Payable 15 Common Stock 800 Dividends 500 Service Revenue 4,515 Salaries and Wages Expense 1,006 Utilities Expense 125 Advertising Expense 165 Supplies Expense 1,025 Depreciation Expense 40 Insurance Expense 110 Interest Expense 15 $7,801 $7,801 Using the information in the adjusted trial balance, do the following. SUPPORT (b) 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 the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 (To close revenue account) Dec. 31 Dec. 31 Dec. 31 (To close expense accounts) (To close income summary account) (To close dividends) Debit Credit SUPPORT COOKIE CREATIONS Adjusted Trial Balance December 31, 2019 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment $1,180 875 350 1,210 1,200 Accumulated Depreciation-Equipment $40 Accounts Payable 75 Salaries and Wages Payable 56 Unearned Service Revenue 300 Notes Payable 2,000 Interest Payable 15 Common Stock 800 Dividends 500 Service Revenue 4,515 Salaries and Wages Expense 1,006 Utilities Expense 125 Advertising Expense 165 Supplies Expense 1,025 Depreciation Expense 40 Insurance Expense 110 Interest Expense 15 $7,801 $7,801 Using the information in the adjusted trial balance, do the following. SUPPORT (b) 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 the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 (To close revenue account) Dec. 31 Dec. 31 Dec. 31 (To close expense accounts) (To close income summary account) (To close dividends) Debit Credit SUPPORT