Cookie Creations is gearing up for the winter holiday season. During the month o
ID: 2380465 • Letter: C
Question
Cookie Creations is gearing up for the winter holiday season. During the month of December 2014, 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
Explanation / Answer
Advertising Expense 31 adj $ 50.00 $ 50.00 Advertising Supplies 31 adj $ 50.00 Bal. $ 50.00 Depreciation Expense - Baking Equip 31 adj $ 40.00 $ 40.00 Accumulated Depreciation - Baking Equip 31 adj $ 40.00 $ 40.00 Ammoritization Expense 31 adj $ 25.00 Bal. $ 25.00 Website 31 adj $ 25.00 Bal. $ 25.00 Interest Expense 31 adj $ 15.00 $ 15.00 Interest Payable 31 adj $ 15.00 $ 15.00 Baking Supplies Expense 31 adj $ 1,025.00 Bal. $ 1,025.00 Cell Phone Expense 31 adj $ 75.00 Bal. $ 75.00