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After researching the different forms of business organization. Coronado Koebel decides to operate Cookie Creations as a proprietorship. She then starts the process of getting

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After researching the different forms of business organization. Coronado Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2021, the following activities take place. Nov. 8 Coronado cashes her U.S. Savings Bonds and receives $580, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookie Creations" and transfers $560 from her personal account to the new account. 11 Coronado pays $75 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $140 cash. (Hint Use Supplies account) 14 Coronado starts to gather some baking equipment to take with her when teaching the cookie classes, She has an excellent top-of the-line food processer and mixer that originally cost her $840. Coronado decides tostart using it only. in her new business, She estimates that the equipment is currently worth $340. She invests the equipment in the business. 10 Coconadorealizes that ber initial cash investment isnotenough. Her grandmother lends her $2.200 cash for which Coconado signs a note payable in the narme of the business Coronado deposits the money in the business bank account. (Hint The note does nothave to be repaid for 24 months, As a result, the note payable should be reported in the accounts After researching the different forms of business organization. Coronado Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2021, the following activities take place. Nov. 8 Coronado cashes her U.S. Savings Bonds and receives $580, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookie Creations" and transfers $560 from her personal account to the new account. 11 Coronado pays $75 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $140 cash. (Hint Use Supplies account) 14 Coronado starts to gather some baking equipment to take with her when teaching the cookie classes, She has an excellent top-of the-line food processer and mixer that originally cost her $840. Coronado decides tostart using it only. in her new business, She estimates that the equipment is currently worth $340. She invests the equipment in the business. 10 Coconadorealizes that ber initial cash investment isnotenough. Her grandmother lends her $2.200 cash for which Coconado signs a note payable in the narme of the business Coronado deposits the money in the business bank account. (Hint The note does nothave to be repaid for 24 months, As a result, the note payable should be reported in the accounts

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