CAN SOMEONE HELP ME PREPARE AN OWNERS EQUITY STATEMENT FOR THE 2 MONTHS ENDED DEC.31,2019? 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 List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Delivery Trucks Advertising Expense Buildings Cash Debt Investments Delivery Trucks Depreciation Expense Equipment Gasoline Expense Income Summary Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Long-term Debt Long-term Investments Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Notes Receivable Owner's Capital Owner's Drawings Patent Needs Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Short-Term Investments Stock Investments Supplies Supplies Expense Ticket Revenue Unearned Rent Revenue Unearned Service Revenue Utilities Expense

CAN SOMEONE HELP ME PREPARE AN OWNERS EQUITY STATEMENT FOR THE 2 MONTHS ENDED DEC.31,2019? 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 List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Delivery Trucks Advertising Expense Buildings Cash Debt Investments Delivery Trucks Depreciation Expense Equipment Gasoline Expense Income Summary Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Long-term Debt Long-term Investments Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Notes Receivable Owner's Capital Owner's Drawings Patent Needs Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Short-Term Investments Stock Investments Supplies Supplies Expense Ticket Revenue Unearned Rent Revenue Unearned Service Revenue Utilities Expense

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter4: Completing The Accounting Cycle

Section: Chapter Questions

Problem 8E: Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the...

See similar textbooks

List of Accounts

Accounts Payable
Accounts Receivable
Accumulated Depreciation-Buildings
Accumulated Depreciation-Equipment
Accumulated Depreciation-Delivery Trucks
Advertising Expense
Buildings
Cash
Debt Investments
Delivery Trucks
Depreciation Expense
Equipment
Gasoline Expense
Income Summary
Income Tax Expense
Income Taxes Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Long-term Debt
Long-term Investments
Maintenance and Repairs Expense
Miscellaneous Expense
Mortgage Payable
No Entry
Notes Payable
Notes Receivable
Owner's Capital
Owner's Drawings
Patent Needs
Prepaid Advertising
Prepaid Insurance
Prepaid Rent
Rent Expense
Rent Revenue
Salaries and Wages Expense
Salaries and Wages Payable
Service Revenue
Short-Term Investments
Stock Investments
Supplies
Supplies Expense
Ticket Revenue
Unearned Rent Revenue
Unearned Service Revenue
Utilities Expense

Prepare an owner's equity statement for the 2 months ended December 31, 2019. (List items that increase owner's equity first.)
COOKIE CREATIONS
Owner's Equity Statement
%24
>
>
>

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

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