After researching the different forms of business organization. Oriole 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 Oriole cashes her US. Savings Bonds and receives $500, which she deposits in her personal bank account. 8 11 13 14 161 She opens a bank account under the name "Cookie Creations" and transfers $480 from her personal account to the new account. Oriole pays $60 for advertising She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $120 cash. (Hint: Use Supplies account.) Oriole 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 $720. Oriole decides to start using it only in her new business. She estimates that the equipment is currently worth $290. She invests the equipment in the business Oriole realizes that her initial cash investment is not enough. Her grandmother lends her $1,900 cash, for which Oriole signs a note payable in the name of the business. Oriole 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 $120 cash 25 Oriole books a second class for December 4 for $140. She receives $30 cash in advance as a down nament 20 She teaches her first class and collects $120 cash. 25 Oriole books a second class for December 4 for $140. She receives $30 cash in advance as a down payment. 30 Oriole pays $1,270 for a one-year insurance policy that will expire on December 1, 2022. Question 1 of 1 Prepare journal entries to record the November transactions. (List all debit entries before credit entries. 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 Nov. 8 Nov. 8 (To record cash deposited in personal bank account) (To record amount transferred from personal account to Cookie creation account) Debit Credit Nov. 11 v Nov. 13 Nov. 14 Nov. 16 Nov. 17 Nov. 20 Nov. 25 Nov. 30 Post the journal entries to general ledger accounts. (Post entries in the Order of jou Cash Date Explanation Ref Debit 31 Supplies 31 31 31 J1 "1 J1 Credit Balance Supplies Date Explanation Ref Debit Credit Balance Prepaid Insurance Date J1 Explanation Ref Debit Credit Balance J1 Equipment Date Explanation Ref Debit Credit Balance Unearned Service Revenue Date: Explanation Refi Debit Credit Balance 31 Notes Payable Date Explanation Ref Debit Credit Balance J1 Owner's Capital Date Explanation Ref Debit Credit Balance J1 J1 Service Revenue Date Explanation Ref Debit Credit Balance 31 Advertising Expense Date Explanation Ref Debit Credit Balance: J1 Advertising Expense Date Explanation Ref Debit Credit Balance J1 Prepare a trial balance at November 30. Totals COOKIE CREATIONS Trial Balance Debit Credit