After researching the different forms of business organization, Mei$-$ling Lee

decides to operate "Matcha Creations" as a corporation. She then starts the

process of getting the business running. In November $2021,$ the following

activities take place.

Nov. $8$ Mei$-$ling sells her investments and receives NT$$520,$ which

she deposits in her personal bank account.

$8$ She opens a bank account under the name "Matcha

Creations" and transfers NT$$500$ from her personal account

to the new account in exchange for common stock.

$11$ Mei$-$ling pays NT$$65$ to have advertising brochures and

posters printed. She plans to distribute these as

opportunities arise. $($Hint: Use Advertising Expense.$)$

$13$ She buys baking supplies, such as flour, sugar, butter, and

chocolate chips, for NT$$125$ cash.

$14$ Mei$-$ling 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

originally cost her NT$$750.$ Mei$-$ling decides to start using it

only in her new business. She estimates that the equipment

is currently worth NT$$300.$ She invests the equipment in the

business in exchange for ordinary shares.

$16$ Mei$-$ling realizes that her initial cash investment is not

enough. Her grandmother lends her NT $$2,000$ cash, for

which Mei$-$ling signs a note payable in the name of the

business. Mei$-$ling deposits the money in the business bank

account. $($Hint: The note does not have to be repaid for $24$

months. As a result, the notes payable should be reported in

the accounts as the last liability and on the statement of

financial position as the first liability.$)$

$17$ She buys more baking equipment for NT $$900$ cash.

$20$ She teaches her first class and collects NT$$125$ cash.

$25$ Mei$-$ling books a second class for December $4$ for NT$$150.$

She receives NT $$30$ cash in advance as a down payment.

$30$ Mei$-$ling pays NT$$1,320$ for a one$-$year insurance policy that

will expire on December $1,2022.$

can you please do journal entries to general accounts, using the standard form of account.