Natalie had a very busy December. At the end of the month, after journalizing and...
50.1K
Verified Solution
Question
Accounting
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 | $1,460 | |||
Accounts Receivable | 1,085 | |||
Supplies | 430 | |||
Prepaid Insurance | 1,500 | |||
Equipment | 1,500 | |||
Accumulated DepreciationEquipment | $50 | |||
Accounts Payable | 95 | |||
Salaries and Wages Payable | 69 | |||
Interest Payable | 20 | |||
Unearned Service Revenue | 370 | |||
Notes Payable | 2,500 | |||
Owners Capital | 990 | |||
Owners Drawings | 620 | |||
Service Revenue | 5,588 | |||
Salaries and Wages Expense | 1,247 | |||
Utilities Expense | 155 | |||
Advertising Expense | 205 | |||
Supplies Expense | 1,270 | |||
Depreciation Expense | 50 | |||
Insurance Expense | 140 | |||
Interest Expense | 20 |
| ||
$9,682 | $9,682 |
(a2)
Partially correct answer icon
Your answer is partially correct.
Prepare an owners equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.)
COOKIE CREATIONS Owners Equity Statement |
| |
$ | |
:
:
$ |
eTextbook and Media
List of Accounts
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.