7 . A COUNT reveals that was Ot baking Supplies were Used during November. 2. Natalie estimates that all of her baking equipment will have a useful life of 5 years or 60 months . I Assume Natalie decides to record a full month's worth of depreciation , regardless of when the equipment was obtained by the business . ) 3. Natalie's grandmother has decided to charge interest of 6% on the note payable* extended on November 16 . The loan plus interest is to be repaid in 24 months . | Assume that half a month of interest accrued during November . ] 4. On November 30 , a friend of Natalie's asks her to teach a class at the neighborhood school . Natalie agrees and teaches a group of 35 first-grade* students how to make gingerbread cookies . The next day , Natalie prepares an invoice for $300 and leaves it with the school principal . The principal says that he will pass the invoice along to the head office , and it will be paid sometime in December . 5. Natalie receives a utilities bill for $45 . The bill is for utilities consumed by Natalie's business during November and is due December 15