After researching the different forms of business organization. Natalie Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of operating the business. In November 2022, the following activities take place. Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $510, which she deposits in her personal bank account. 8 11 13 14 16 16 She opens a bank account under the name "Cookie Creations" and transfers $490 from her personal account to the new account. Natalie pays $50 for advertising. She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $180 cash. (Hint: Use the Supplies account.) 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 originally cost her $760. Natalie decides to start using it only in her new business. She estimates that the mixer is currently worth $335. She invests the mixer as equipment in the business. 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 $860 cash. 20 She teaches her first class and collects $190 cash. 25 Natalie withdraws $130 from the business for personal expenditures. 30 Natalie pays $1,300 for a one-year insurance policy that will expire on December 1, 2023. Prepare journal entries to record the November transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation Hunerspace-Product... (To record cash deposited in personal bank account) (To record amount transferred from personal account to Cookie Creations account) Debit Credit Post the journal entries to general ledger accounts using a 3-column form. (Post entries in the order of journal entries presented in the previous part.) Cash Date Explanation Ref Debit Credit Balance J1 J1 n J1 J1 J1 ]1 J1 J1 Supplies Date Explanation Ref Debit Credit Balance J1 Prepaid Insurance Date Explanation Ref Debit Credit Balance J1 Equipment Date Explanation Ref Debit Credit Balance J1 01 Notes Payable Date Explanation Ref Debit Credit Balance 01 Owner's Capital Date Explanation Ref Debit Credit Balance J1 ]1 Owner's Drawings Date Explanation Ref Debit Credit Balance ]1 Service Revenue Date Explanation Ref Debit Credit Balance 11 Advertising Expense Date Explanation Ref Debit Credit Balance ]1 eTextbook and Media List of Accounts Prepare a trial balance at November 30. COOKIE CREATIONS Trial Balance $ Debit $ Credit Prepare a trial balance at November 30. COOKIE CREATIONS Trial Balance Totals eTextbook and Media List of Accounts A Debit $ Credit