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The trial balance from November is shown below. As of December 31, Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. As of December 31 , Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. 2. Depreciation is recorded on the baking equipment purchased in November. The baking equipment has a useful life of 5 years. Assume that 2 months' worth of depreciation is required. 3. Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account directly for the amount of the amortization.) The website is amortized over a useful life of 2 years and was available for use on December 1. 4. Interest on the 9% note payable is accrued. (Assume that 1.5 months of interest accrued during November and December.) 5. One month's worth of insurance has expired. 6. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neighborhood community center on December 31. In early January Cookie Creations sends an invoice for $450 to the community center. 7. Acount reveals that $1,025 of baking supplies were used. 8. Acell phone invoice is received for $75. The invoice is for services provided during the month of December and is due on January 15. 9. Because the cookie-making class occurred unexpectedly on December 31 and is for such a large group of children, Natalie's assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour. 10. An analysis of the unearned revenue account reveals that two of the five classes paid for by the local school board on December 9 still have not been taught by the end of December. The $60 deposit received on December 19 for another class also remains unearned. Using the information gathered from above and from the November trial balance, do the following: Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of joumal entries presented in the previous question.) Question 4 of 4 Prepaid Insurance 13.54/30 Equipment Website Accounts Payable Unearned Service Revenue Notes Payable Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of joumal entries presented in the previous question.) Question 4 of 4 Notes Payable 13.54/30 Common Stock Dividends Service Revenue Utilities Expense Salaries and Wages Expense eTextbook and Media Question 4 of 4 Prepare a trial balance at December 31, 2020. Unearned Service Revenue Service Revenue Supplies 810 Dividends 500 Salaries and Wages Expense Accounts Receivable 800 \begin{tabular}{l} Accounts Receivable \\ \hline \end{tabular} 800 Question 4 of 4 13.54/30: Unearned Service Revenue Service Revenue Supplies Dividends Salaries and Wages Expense Accounts Receivable 500 Totals eTextbook and Media List of Accounts Prepare adjusting journal entries for the month of December. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Question 4 of 4 13.54/30 4. 31 5. 31 6. Dec. 7. 31 8. 31 9. Dec. 10. Dec. 31 Question 4 of 4 13.54/30 \begin{tabular}{lr|r} Cash & 340 & 12/15 \\ 11/30Bal, & 90 & 12/16 \\ 12/5 & 300 & 12/23 \\ 12/8 & 750 & 12/23 \\ 12/9 & 60 & 12/28 \\ 12/19 & 3,000 & \\ 12/23 & & \end{tabular} \begin{tabular}{lr} Accounts Receivable \\ 11/30Bal. \\ 12/23 & 300 \\ \hline 12/31 & 1,000 \\ \hline \end{tabular} Prepaid Insurance 11/30Bal.1,20012/31100 Equipment 11/30Bal1,200 Question 4 of 4 Equipment 11/30Bal 1,200 Accumulated Depreciation-Equipment Website Interest Payable Salaries and Wages Payable Unearned Service 12/5 12/31 23 56 Question 4 of 4 13.54/30 Unearned Service Revenue \begin{tabular}{l|ll} Notes Payable & & \\ & 11/30Bal \\ & \\ Common Stock & & \\ & 11/30Bal \end{tabular} Dividends 12/28500 Service Revenue Question 4 of 4 Current Liabilities \begin{tabular}{l} \hline Accounts Payable \\ \hline Unearned Service Revenue \\ \hline \end{tabular} $5 Salaries and Wages Payable Total Current Liabilities Long-term Liabilities Notes Payable 2000 Interest Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock 800 Retained Earnings Total Stockholders' Equity Total Llabilities and Stockholders' Equity v Prepare closing entries as of December 31, 2020. (Credit account titles are automatically indented when the 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, Round answers to O decimal nifarse ea 52751 Question 4 of 4 Dec. 31 Income Summary Salaries and Wages Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense 23 100 Amortization Expense (To close expense accounts) Dec, 31 Income Summary \begin{tabular}{|l|} \hline 3211 \\ \hline \end{tabular} Retained Earnings (To close net income / (loss)) Dec, 31 Retained Earnings 3211 25 40 25 Dividends (To close dividends) eTextbook and Media Post closing entries as of December 31, 2020. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Question 4 of 4 13.54/30 \begin{tabular}{lr} Supplies \\ 11/30Bal. & \\ 12/23 & 1,250 \\ \hline 12/31 Bal. & \\ \hline \end{tabular} \begin{tabular}{ll} Prepaid Insurance \\ 11/30Bal. & 1,200 \\ \hline 12/31Bal & \end{tabular} \begin{tabular}{ll} Equipment \\ 11/30Bal. & 1.200 \\ \hline 12/31Bal. & \end{tabular} Accumulated Depreciation-Equipment 12/31 Website Accounts Payable Question 4 of 4 13.54/30 \begin{tabular}{lr} Unearned Service Revenue & \\ 12/5 & 60 \\ 12/31 & 450 \\ \hline \end{tabular} Question 4 of 4 13.54/30 Unearned Service Revenue \begin{tabular}{rr|lr} 12/5 & 60 & 11/30Bal. & 60 \\ 12/31 & 450 & 12/9 & 750 \\ & & 12/19 & 60 \\ \hline & & 12/31Bal. & \\ \hline \end{tabular} \begin{tabular}{l|lr} Notes Payable & 11/30Bal, \\ \hline & 12/31Bal & 2,000 \\ \hline & & \\ \hline \end{tabular} Retained Earnings Dividends Question 4 of 4 13.54/30 Dividends Income Summary Service Revenue \begin{tabular}{|lc} 11/30Bal & 400 \\ 12/5 & 150 \\ 12/23 & 4,000 \end{tabular} Question 4 of 4 13.54/30: Utilities Expense Depreciation Expense Question 4 of 4 13.54/30 Depreciation Expense eTextbook and Media List of Accounts Question 4 of 413.54/30: Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) Question 4 of 4 13.54/30: Totals eTextbook and Media List of Accounts Save for Later Last saved 11 hours ago. Attempts: unlimited Submit Answer Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of journal entries presented in the previous question.) The trial balance from November is shown below. As of December 31, Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. As of December 31 , Cookie Creations' year-end, the following adjusting entry data are provided. 1. A count reveals that $45 of brochures and posters (supplies) were used. 2. Depreciation is recorded on the baking equipment purchased in November. The baking equipment has a useful life of 5 years. Assume that 2 months' worth of depreciation is required. 3. Amortization (which is similar to depreciation) is recorded on the website. (Credit the Website account directly for the amount of the amortization.) The website is amortized over a useful life of 2 years and was available for use on December 1. 4. Interest on the 9% note payable is accrued. (Assume that 1.5 months of interest accrued during November and December.) 5. One month's worth of insurance has expired. 6. Natalie is unexpectedly telephoned on December 28 to give a cookie class at the neighborhood community center on December 31. In early January Cookie Creations sends an invoice for $450 to the community center. 7. Acount reveals that $1,025 of baking supplies were used. 8. Acell phone invoice is received for $75. The invoice is for services provided during the month of December and is due on January 15. 9. Because the cookie-making class occurred unexpectedly on December 31 and is for such a large group of children, Natalie's assistant helps out. Her assistant worked 7 hours at a rate of $8 per hour. 10. An analysis of the unearned revenue account reveals that two of the five classes paid for by the local school board on December 9 still have not been taught by the end of December. The $60 deposit received on December 19 for another class also remains unearned. Using the information gathered from above and from the November trial balance, do the following: Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of joumal entries presented in the previous question.) Question 4 of 4 Prepaid Insurance 13.54/30 Equipment Website Accounts Payable Unearned Service Revenue Notes Payable Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of joumal entries presented in the previous question.) Question 4 of 4 Notes Payable 13.54/30 Common Stock Dividends Service Revenue Utilities Expense Salaries and Wages Expense eTextbook and Media Question 4 of 4 Prepare a trial balance at December 31, 2020. Unearned Service Revenue Service Revenue Supplies 810 Dividends 500 Salaries and Wages Expense Accounts Receivable 800 \begin{tabular}{l} Accounts Receivable \\ \hline \end{tabular} 800 Question 4 of 4 13.54/30: Unearned Service Revenue Service Revenue Supplies Dividends Salaries and Wages Expense Accounts Receivable 500 Totals eTextbook and Media List of Accounts Prepare adjusting journal entries for the month of December. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Question 4 of 4 13.54/30 4. 31 5. 31 6. Dec. 7. 31 8. 31 9. Dec. 10. Dec. 31 Question 4 of 4 13.54/30 \begin{tabular}{lr|r} Cash & 340 & 12/15 \\ 11/30Bal, & 90 & 12/16 \\ 12/5 & 300 & 12/23 \\ 12/8 & 750 & 12/23 \\ 12/9 & 60 & 12/28 \\ 12/19 & 3,000 & \\ 12/23 & & \end{tabular} \begin{tabular}{lr} Accounts Receivable \\ 11/30Bal. \\ 12/23 & 300 \\ \hline 12/31 & 1,000 \\ \hline \end{tabular} Prepaid Insurance 11/30Bal.1,20012/31100 Equipment 11/30Bal1,200 Question 4 of 4 Equipment 11/30Bal 1,200 Accumulated Depreciation-Equipment Website Interest Payable Salaries and Wages Payable Unearned Service 12/5 12/31 23 56 Question 4 of 4 13.54/30 Unearned Service Revenue \begin{tabular}{l|ll} Notes Payable & & \\ & 11/30Bal \\ & \\ Common Stock & & \\ & 11/30Bal \end{tabular} Dividends 12/28500 Service Revenue Question 4 of 4 Current Liabilities \begin{tabular}{l} \hline Accounts Payable \\ \hline Unearned Service Revenue \\ \hline \end{tabular} $5 Salaries and Wages Payable Total Current Liabilities Long-term Liabilities Notes Payable 2000 Interest Payable Total Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock 800 Retained Earnings Total Stockholders' Equity Total Llabilities and Stockholders' Equity v Prepare closing entries as of December 31, 2020. (Credit account titles are automatically indented when the 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, Round answers to O decimal nifarse ea 52751 Question 4 of 4 Dec. 31 Income Summary Salaries and Wages Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense 23 100 Amortization Expense (To close expense accounts) Dec, 31 Income Summary \begin{tabular}{|l|} \hline 3211 \\ \hline \end{tabular} Retained Earnings (To close net income / (loss)) Dec, 31 Retained Earnings 3211 25 40 25 Dividends (To close dividends) eTextbook and Media Post closing entries as of December 31, 2020. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Question 4 of 4 13.54/30 \begin{tabular}{lr} Supplies \\ 11/30Bal. & \\ 12/23 & 1,250 \\ \hline 12/31 Bal. & \\ \hline \end{tabular} \begin{tabular}{ll} Prepaid Insurance \\ 11/30Bal. & 1,200 \\ \hline 12/31Bal & \end{tabular} \begin{tabular}{ll} Equipment \\ 11/30Bal. & 1.200 \\ \hline 12/31Bal. & \end{tabular} Accumulated Depreciation-Equipment 12/31 Website Accounts Payable Question 4 of 4 13.54/30 \begin{tabular}{lr} Unearned Service Revenue & \\ 12/5 & 60 \\ 12/31 & 450 \\ \hline \end{tabular} Question 4 of 4 13.54/30 Unearned Service Revenue \begin{tabular}{rr|lr} 12/5 & 60 & 11/30Bal. & 60 \\ 12/31 & 450 & 12/9 & 750 \\ & & 12/19 & 60 \\ \hline & & 12/31Bal. & \\ \hline \end{tabular} \begin{tabular}{l|lr} Notes Payable & 11/30Bal, \\ \hline & 12/31Bal & 2,000 \\ \hline & & \\ \hline \end{tabular} Retained Earnings Dividends Question 4 of 4 13.54/30 Dividends Income Summary Service Revenue \begin{tabular}{|lc} 11/30Bal & 400 \\ 12/5 & 150 \\ 12/23 & 4,000 \end{tabular} Question 4 of 4 13.54/30: Utilities Expense Depreciation Expense Question 4 of 4 13.54/30 Depreciation Expense eTextbook and Media List of Accounts Question 4 of 413.54/30: Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) Question 4 of 4 13.54/30: Totals eTextbook and Media List of Accounts Save for Later Last saved 11 hours ago. Attempts: unlimited Submit Answer Post the December transactions. (Use the general ledger accounts shown in problem statement.) (Post entries in the order of journal entries presented in the previous question.)

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