After researching the different forms of business organization, Natalie Kobel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2016, the following activities took lace.

Nov 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.

8. She opens a bank account under the name "Cookie Creations" and transfers $500 from her personal account to the new account.

11. Natalie pays $65 for advertising

13. She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $125 cash. (Hint: Use Supplies 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 orginally cost her $750. Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth $300. 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 name of the business. Natalie deposits the money in the business bank account. (Hint: The note does not have to be repaid for 24 months. 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.)

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

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

25. Natalie books a second class for December 4 for $150. She receives $30 in advance as a downpayment.

30. Natalie pays $1,320 for a one-year insurance policy that will expire on December 1, 2017

Complete the following:

1. Prepare journal entries to record the November transactions.
2. Post the journal entries to general ledger accounts.
3. Prepare a trial balance at November 30.
4. Prepare an Income Statement.
5. Prepare a Owner's Equity Statement.
6. Prepare a Balance Sheet.

b) Post the journal entries to general ledger accounts. (a) Prepare journal entries to record the November transactions. (c) Prepare a trial balance at November 30 . COOKIE CREATIONS Trial Balance Nowember 30.2016 (d) Prepare an Income Statement COOKIE CREATIONS Income Statement Dater?? (e) Prepare a Owner's Equily Statement COOKIE CREATIONS Owner's Equity Statement Date?m? (f) Prepare a Balance Sheet COOKIE CREATIONS Balance Sheet Date?m