Question

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
$1,060
Accounts Receivable
790
Supplies
320
Prepaid Insurance
1,090
Equipment
1,100
Accumulated Depreciation—Equipment
$40
Accounts Payable
70
Salaries and Wages Payable
50
Interest Payable
15
Unearned Service Revenue
270
Notes Payable
1,800
Owner’s Capital
720
Owner’s Drawings
450
Service Revenue
4,095
Salaries and Wages Expense
905
Utilities Expense
115
Advertising Expense
150
Supplies Expense
925
Depreciation Expense
40
Insurance Expense
100
Interest Expense
15
$7,060
$7,060

Using the information in the adjusted trial balance, do the following.
(a1)
Prepare an income statement for the 2 months ended December 31, 2019. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

COOKIE CREATIONS
Income Statement



$

$


$

Answer 1

Answer:

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