In November 2017, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classes. The following events occur.
for Cookie Creations Inc. business
11 Cookie Creations purchases paper and other office supplies for $2000. (Use Supplies.)
15 Natalie purchased equipment $3000 . Will pay for the equipment in 30 days
15 . Natalie signs a note with the bank for $2,000 cash, for a two-year, 12% note payable. Interest and the principal are repayable at maturity.
15 Pays the cell phone invoice outstanding.
18 Natalie did her first class . She received $1000 cash.
23 Additional revenue during the month for cookie-making classes amounts to $4,000. (Natalie ha $3,000 in cash has been collected and $1,000 is still outstanding.
23 Received a bill from her accountant for $ 800
23 Issues a check to Natalie’s assistant for $800.
28 Pays a dividend of $500 to the common shareholder
30 Natalie received an advertising bill for $ 1500.
30 Cookie Creations pays $1,200 for a one-year insurance policy.
30 Cookie Creations receives a check for the amount due from the neighborhood school for the class given on November 2.
Additional Information
Required :
***Do a income statement, balance sheet and retained earnings statement
In November 2017, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not...
In November 2017, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classes. The following events occur. Natalie purchases $5000 of Cookie Creations’ common stock. Natalie teaches a group of elementary school students how to make Santa Claus cookies. At the end of the class, Natalie leaves an invoice for $3000- with the school principal. The principal says that he...
ookie Creations 3 n November 2017, after having incorporated Cookle Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will cus on offering cooking dasses. The following events occur. Nov. 8 Natalie cashes in her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account. 8 Natalie opens a bank account for Cookie Creations Inc. 8 Natalie purchases $500 of Cookie Creations' common stock 11...
Cookie Creations Continuing Problem 3 Instructions (a) Prepare journal entries to record the November transactions. (b) Post the journal entries to the general ledger accounts. (c) Prepare a trial balance at November 30, 2020. (Note: This is a continuation of the Cookie Creations from Chapters 1 and 2.) CC3 In November 2020, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering...
Prepare accounting journal entries to record the November transactionsNov. 8 Natalie purchases $500 of Cookie Creations' common stockNov. 11 Cookie Creations purchases paper and other office supplies for $95 (Use Supplies)Nov. 14 Cookie Creations pays $125 to purchase baking supplies, such as flour, sugar, butter, and chocolate chips (use Supplies).Nov. 15 Natalie starts to gather some baking equipment to take with her when teaching the cookie classes. She has an excellent top-of-the-line food processor and mixerthat originally cost her $550....
In November 2020, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classes. The following events occur.Nov. 8Natalie cashes in her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.8Natalie opens a bank account for Cookie Creations Inc.8Natalie purchases $500 of Cookie Creations’ common stock.11Cookie Creations purchases paper and other office supplies for $95. (Use...
CC3 It is the end of November and Natalie has been in touch with her grandmother. Her grandmother asked Natalie how well things went in her first month of business. Natalie, too, would like to know if she has been profitable or not during November. Natalie realizes that in order to determine Cookie Creations' income, she must first make adjustments. Natalie puts together the following additional information. 1. A count reveals that $35 of baking supplies were used during November....
After researching the different forms of business organization, Natalie Koebel decides to operate “Cookie Creations” as a corporation. She then starts the process of getting the business running. In November 2015, the following activities take place. Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account. 8 She opens a bank account under the name “Cookie Creations” and transfers $500 from her personal account to the new account in exchange...
After researching the different forms of business organization, Natalie Koebel decides to operate “Cookie Creations” as a corporation. She then starts the process of getting the business running. In November 2015, the following activities take place.Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.8 She opens a bank account under the name “Cookie Creations” and transfers $500 from her personal account to the new account in exchange for common stock.11 ...
After researching the different forms of business organization, Natalie decides to operate cookie creations as a proprietorship. She then starts the process of getting the business running. In November 2019, the following activities listed below take place. Cookie Creations (Chapter 2) This assignment is a continuation of the Coolde Creations case study, which began in Chapter 1. From the Information gathered in the previous chapter, rond the continuation of the Cookie Creations case study in Chapter 2 of the textbook...
After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2019, the following activities take place. Nov. 8 Natalie cashes her U.s. Savings Bonds and receives $520, which she deposits in her personal bank account. 8 She opens bank account under the name "Cookie Creations" and transfers $500 from her personal account to the new account. 11 Natalie pays $65...