Bonita cashes her U$.$S$.$ Savings Bonds and receives $$430,$ which she deposits in her personal bank account.

$8$ She opens a bank account under the name Cookie Creations and transfers $$410$ from her personal account to the new account.

$11$ Bonita pays $$55$ for advertising.

$13$ She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $$105$ cash. $($Hint: Use Supplies account.$)$

$14$ Bonita 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 $$620.$ Bonita decides to start using it only in her new business. She estimates that the equipment is currently worth $$250.$ She invests the equipment in the business.

$16$ Bonita realizes that her initial cash investment is not enough. Her grandmother lends her $$1,600$ cash, for which Bonita signs a note payable in the name of the business. Bonita 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 $$740$ cash.

$20$ She teaches her first class and collects $$105$ cash.

$25$ Bonita books a second class for December $4$ for $$120.$ She receives $$20$ cash in advance as a down payment.

$30$ Bonita pays $$1,080$ for a one$-$year insurance policy that will expire on December $1,2022.$

$($a$)$

Prepare journal entries to record the November transactions. Record journal entries in the order displayed in the problem.$)$

$($b$)$

Post the journal entries to general ledger accounts. $($Post entries in the order of journal entries presented in the previous part.$)$

$($C$)$

Prepare a trial balance at November $30.$