Ccc4 cookie creations is gearing up for the winter holiday season

CCC4 Cookie Creations is gearing up for the winter holiday season. During the month
of December 2009, the following transactions occur.
Dec. 1 Natalie hires an assistant at an hourly wage of $8 to help with cookie making
and some administrative duties.
5 Natalie teaches the class that was booked on November 25. The balance outstanding
is received.
8 Cookie Creations receives a check for the amount due from the neighborhood
school for the class given on November 30.
9 Cookie Creations receives $750 in advance from the local school board for five
classes that the company will give during December and January.
15 Pays the cell phone invoice outstanding at November 30.
16 Issues a check to Natalie’s brother for the amount owed for the design of the
website.
19 Receives a deposit of $60 on a cookie class scheduled for early January.
23 Additional revenue earned during the month for cookie-making classes amounts
to $4,000. (Natalie has not had time to account for each class individually.)
$3,000 in cash has been collected and $1,000 is still outstanding. (This is in addition
to the December 5 and December 9 transactions.)
23 Additional supplies purchased during the month for sugar, flour, and chocolate
chips amount to $1,250 cash.
23 Issues a check to Natalie’s assistant for $800. Her assistant worked approximately
100 hours from the time in which she was hired until December 23.
28 Pays a dividend of $500 to the common shareholder (Natalie).
As of December 31, Cookie Creations’ year-end, the following adjusting entry data are
provided.
1. A count reveals that $50 of brochures and posters remain at the end of December.
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 note payable is accrued. (Assume that 1.5 months of interest accrued
during November and December.) Round to nearest dollar.
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. A count reveals that $1,025 of baking supplies were used.
8. A cell 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 28 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.
Instructions
Using the information that you have gathered and the general ledger accounts that you
have prepared through Chapter 3, plus the new information above, do the following.
(a) Journalize the above transactions.
(b) Post the December transactions. (Use the general ledger accounts prepared in
Chapter 3.)
(c) Prepare a trial balance at December 31, 2009. (c) Totals $8,160
(d) Prepare and post adjusting journal entries for the month of December.
(e) Prepare an adjusted trial balance as of December 31, 2009.
(f) Prepare an income statement and a retained earnings statement for the 2-month
period ending December 31, 2009, and a classified balance sheet as of December 31,
2009.
(g) Prepare and post closing entries as of December 31, 2009.
(h) Prepare a post-closing trial balance.

Punctual Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.