Natalie had a very busy December. At the end of the month, after journalizing and posting...
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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 Accounts Receivable Supplies Prepaid Insurance Equipment $1,250 930 370 1,280 1.300 Accumulated Depreciation-Equipment Accounts Payable $40 80 mer Payable 59 Question 1 of 1 < ALLOON rayaure ou Salaries and Wages Payable 59 Interest Payable Unearned Service Revenue 15 320 Notes Payable 2.100 Owner's Capital 850 Owner's Drawings 530 Service Revenue 4,832 Salaries and Wages Expense 1,066 Utilities Expense 135 Advertising Expense 175 Supplies Expense 1,085 Depreciation Expense Insurance Expense 40 120 III 0.2/1 E Insurance Expense 120 Interest Expense 15 $8,296 $8.296 Using the information in the adjusted trial balance, do the following (a1) Your answer is correct Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses eg. (45)) Question 1 of 1 < > (a2) 0.2/1 Prepare an owner's equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement 4 For the Two Months Ended December 31, 2019 For the Year Ended December 31, 2019 December 31, 2019 III 47°F (a3) 0.2/1 E 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 For the Year Ended December 31, 2019 For the Two Months Ended 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 Accounts Receivable Supplies Prepaid Insurance Equipment $1,250 930 370 1,280 1.300 Accumulated Depreciation-Equipment Accounts Payable $40 80 mer Payable 59 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 Accounts Receivable Supplies Prepaid Insurance Equipment $1,250 930 370 1,280 1.300 Accumulated Depreciation-Equipment Accounts Payable $40 80 mer Payable 59 Question 1 of 1 < ALLOON rayaure ou Salaries and Wages Payable 59 Interest Payable Unearned Service Revenue 15 320 Notes Payable 2.100 Owner's Capital 850 Owner's Drawings 530 Service Revenue 4,832 Salaries and Wages Expense 1,066 Utilities Expense 135 Advertising Expense 175 Supplies Expense 1,085 Depreciation Expense Insurance Expense 40 120 III 0.2/1 E Question 1 of 1 < ALLOON rayaure ou Salaries and Wages Payable 59 Interest Payable Unearned Service Revenue 15 320 Notes Payable 2.100 Owner's Capital 850 Owner's Drawings 530 Service Revenue 4,832 Salaries and Wages Expense 1,066 Utilities Expense 135 Advertising Expense 175 Supplies Expense 1,085 Depreciation Expense Insurance Expense 40 120 III 0.2/1 E Insurance Expense 120 Interest Expense 15 $8,296 $8.296 Using the information in the adjusted trial balance, do the following (a1) Your answer is correct Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses eg. (45)) Insurance Expense 120 Interest Expense 15 $8,296 $8.296 Using the information in the adjusted trial balance, do the following (a1) Your answer is correct Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses eg. (45)) Question 1 of 1 < > (a2) 0.2/1 Prepare an owner's equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement 4 For the Two Months Ended December 31, 2019 For the Year Ended December 31, 2019 December 31, 2019 III 47°F Question 1 of 1 < > (a2) 0.2/1 Prepare an owner's equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.) COOKIE CREATIONS Owner's Equity Statement 4 For the Two Months Ended December 31, 2019 For the Year Ended December 31, 2019 December 31, 2019 III 47°F (a3) 0.2/1 E 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 For the Year Ended December 31, 2019 For the Two Months Ended December 31, 2019 $ (a3) 0.2/1 E 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 For the Year Ended December 31, 2019 For the Two Months Ended December 31, 2019 $
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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