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There is a total of 20 Adjusted Trial Balance entrys

Presented below is Natalie's tentative adjusted trial balance from her worksheet dated January 31, 2023: COOKIE CREATIONS Adjusted Trial Balance December 31, 2023 Account Debit Credit Cash $4,336 Accounts Receivable 925 Inventory 3,302 Supplies 648 Prepaid Insurance 2,035 Equipment 2,220 Accumulated Depreciation-Equipment $112 Accounts Payable 555 Notes Payable 3,700 Owner's Capital 6,159 Owner's Drawings 1,388 Sales Revenue 10,638 Cost of Goods Sold 5,504 Depreciation Expense 37 204 Insurance Expense Salaries and Wages Expense Utilities Expense 296 130 Freight-Out 139 $21.164 $21,164 The adjusted trial balance above is tentative because Natalie had a transaction earlier in January that she was unsure how to record, The transaction took place on January 15, when a customer asked if she could purchase three gift cards, each good for one cookie class, to use as gifts for her daughters. Natalie was excited about this new idea and collected $834 from the customer in return for three gift cards. One of the gift cards was redeemed on January 25. The transaction has not yet been recorded and is not reflected in the tentative adjusted trial balance, (a) & (b) Your answer is correct. (a) & (b) Prepare the journal entry to record the receipt of cash for the three gift cards on January 15. Prepare the journal entry necessary because one card was redeemed. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit Jan. 15 Cash 834 Unearned Service Revenue 834 Jan 25 Unearned Service Revenue 278 Service Revenue 278 Prepare a corrected adjusted trial balance that includes the effect of the entries from parts (a) and (b). COOKIE CREATIONS Adjusted Trial Balance Debit Credit $ $ 4A $ $

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