As of December 31, Cookie Creations' year-end, the following adjusting entry data are provided 1. A count reveals that $45 of brochures and posters (supplies) were used.
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 9% note payable is accrued. (Assume that 1.5 months of interest accrued during November and December)
5. One month's worth of insurance has expired.
6. Natalie is unexpectedly telephoned 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 dass occurred unexpectedly on December 31 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 uneared 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 560 deposit received
.
Using the information gathered from above and from the November trial balance, do the following:
Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account
titles and enter o for the amounts. Round answers to decimal places, e. g. 5,275. Record journal entries in the order presented in the problem.)