Cookie Creations (Chapter 2)
This assignment is a continuation of the Cookie Creations case study, which began in Chapter 1. From the information gathered in the previous chapter, read the continuation of the Cookie Creations case study in Chapter 2 of the textbook on p. 2-42.The case study allows you to apply what you have learned about accounting and the recording process. This assignment will enable you to practice what you have learned so far. 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.
Answer the questions below using an Excel spreadsheet. You should create a new tab on your spreadsheet for each calculation used for a total of three tabs on your spreadsheet.
A. Prepare journal entries to record the November transactions.
B. Post the journal entries to general ledger accounts.