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 CREATIONSAdjusted Trial BalanceDecember 31, 2019 Debit CreditCash $1,460 Accounts Receivable 1,085 Supplies 430 Prepaid Insurance 1,500 Equipment 1,500 Accumulated Depreciation—Equipment $50Accounts Payable 95Salaries and Wages Payable 69Interest Payable 20Unearned Service Revenue 370Notes Payable 2,500Owner’s Capital 990Owner’s Drawings 620 Service Revenue 5,588Salaries 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 $9,682 Liabilities and Owner's Equity$%24%24>>>> Assets$2$$%24>>

Name: HELP ME PREPARE A CLASSIFIED BALANCE SHEET AT DEC.31,2019. THE NOTE PA
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Description: 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 pos

The balance sheet shows the financial position of the company by recording all the assets,…

Answered: HELP ME PREPARE A CLASSIFIED BALANCE…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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

Liabilities and Owner's Equity
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