HELP ME PREPARE A CLASSIFIED BALANCE SHEET AT DEC.31,2019. THE NOTE PAYABLE HAS A STATED INTEREST RATE OF 6% AND THE PRINCIPAL AND INTEREST ARE DUE ON NOV.6,2021 ?? 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 Depreciation—Equipment $50 Accounts Payable 95 Salaries and Wages Payable 69 Interest Payable 20 Unearned Service Revenue 370 Notes Payable 2,500 Owner’s Capital 990 Owner’s 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
HELP ME PREPARE A CLASSIFIED BALANCE SHEET AT DEC.31,2019. THE NOTE PAYABLE HAS A STATED INTEREST RATE OF 6% AND THE PRINCIPAL AND INTEREST ARE DUE ON NOV.6,2021 ?? 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 Depreciation—Equipment $50 Accounts Payable 95 Salaries and Wages Payable 69 Interest Payable 20 Unearned Service Revenue 370 Notes Payable 2,500 Owner’s Capital 990 Owner’s 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
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HELP ME PREPARE A CLASSIFIED
Natalie had a very busy December. At the end of the month, after journalizing and
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COOKIE CREATIONS
Adjusted Trial Balance December 31, 2019 |
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Debit
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Credit
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|||
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Cash
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$1,460 | |||
|
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1,085 |
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||
|
Supplies
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430 |
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||
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Prepaid Insurance
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1,500 |
|
||
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Equipment
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1,500 |
|
||
|
|
|
$50 | ||
|
Accounts Payable
|
|
95 | ||
|
Salaries and Wages Payable
|
|
69 | ||
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Interest Payable
|
20 | |||
|
Unearned Service Revenue
|
370 | |||
|
Notes Payable
|
2,500 | |||
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Owner’s Capital
|
990 | |||
|
Owner’s 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
|
Transcribed Image Text:Liabilities and Owner's Equity
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Transcribed Image Text:Assets
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