CCCZ After researching the different forms of business organization, Natalie Koebe] decides to operate "CookieCreations" as a corporation. She then starts the process of getting the business running. In November 2014, thefollowing activities take place.Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bankaccount.8 She opens a bank account under the name "Cookie Creations" and transfers $500 from her personalaccount to the new account in exchange for common stock. 11 Natalie pays $65 to have advertising brochures and posters printed. She plans to distribute these asopportunities arise. (Hint: Use Advertising Expense.) 13 She buys baking supplies, such as ?our, sugar, butter, and chocolate chips, for $125 cash. 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 originally cost her $750. Nataliedecides 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 in exchange for common stock. 16 Natalie realizes that her initial cash investment is not enough. Her grandmother lends her $2,000cash, for which Natalie signs a note payable in the name of the business. Natalie deposits the moneyin 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 also on the balance sheetas the last liability.) 17 She buys more baking equipment for $900 cash. 20 She teaches her ?rst class and collects $125 cash. 25 Natalie books a second class for December 4 for $150. She receives $30 cash in advance as a downpayment. 30 Natalie pays $1,320 for a one-year insurance policy that will expire on December 1, 2015. Instructions(a) Prepare journal entries to record the November transactions. (b) Post the journal entries to general ledger accounts.(c) Prepare a trial balance at November 30.