Afte researching the differest foms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a proprietprship. She then starts the process of getting the business running. In November 2016, the following activities took place. Nov 8 Natilie cashes bee U.S. Savings Bonds and receives $520, which she deposits in ber personal bank account. \begin{tabular}{|c|} \hline 8 \\ \hline 11 \\ \hline 13 \\ \hline \end{tabular} She opens a bank account under the name "Cookie Creations" and transfers $500 from ber personal account to the new account. Natalie pays $65 for advertising. She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $125 cash. (Hint: Use Supllies account,) 14 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 mixer that onginally cost her 5750 . Natalie decides to start usisg it ooly is her new basiness. She estimates that the equipment is currently worth 5300 . She invests the equipment in the business. 16 Natalie realizes that her initial cash investment is not enough. Her grandmother lends her $2,000 cash, for which Natalie signs a note payable in the namse of the business. Natalie deposits the money in the business bank account. (Hint: The note does not bave to be repsid for 24 monthis. As a result, the note payable should be reported in the accounts as the last liability and also on the balance sheet as the last liability.) She buys more baking equipment for $900 cash. 17 20 25 30 She teaches her first class and collects $125 cash. Natalie books a second chas for December 4 for $150. She receives $30 in advance as a downpayment. Natalie pays 51,320 for a obe-year insurance policy that will expire on December 1, 2017. a) (b) Post the journal eatries to general ledger accounts. Prepaid Insurance Service Revenue COOKIE CREATONS Trial Balanse Nevember 30.2016 (d) Prepare an tscone Statement COOKIE CRENTIONS Income Statement Dase?? (c) Prepare a Owner's Equaty Statement COOKIE CREATIONS Owner's Equhy Sutement Dater?t (i) Prepare a Bulance Shost COOKIE CREATIONS Bilance Shest Duat