COOKIE CREAIUUNS Trial Balance November 30 \begin{tabular}{lrr} & Debit & Credit \\ Cash & $1,080 & \\ Supplies & 120 & \\ Prepaid Insurance & 1,270 & \\ Equipment & 1,200 & \\ Unearned Service Revenue & & $30 \\ Notes Payable & & 2,800 \\ Owner's Capital & & 780 \\ Service Revenue & & 120 \\ Advertising Expense & 60 & \\ \cline { 2 - 3 } \end{tabular} Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $500, which she deposits in her personal ba 8 She opens a bank account under the name "Cookie Creations" and transfers $480 from her pers account. 11 Natalie pays $60 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $120 cash. (Hint: U 14 Natalie starts to gather some baking equipment to take with her when teaching the cookie classe top-of the-line food processor and mixer that originally cost her $720. Natalie decides to start us business. She estimates that the equipment is currently worth $300. She invests the equipment ir 16 Natalie realizes that her initial cash investment is not enough. Her grandmother lends her $2,800 signs a note payable in the name of the business. Natalie deposits the money in the business bank note does not have to be repaid for 24 months. As a result, the note payable should be reported in 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 $120 cash. 25 Natalie books a second class for December 4 for $140. She receives $30 cash 30 Natalie pays $1,270 for a one-year insurance policy that will expire on It is the end of November, and Natalie has been in touch with her grandmother. Her in her first month of business. Natalie, too, would like to know if she has been profita in order to determine Cookie Creations' income, she must first make adjustments. Natalie puts together the following additional information. 1. A count reveals that $35 of baking supplies were used during November. 2. Natalie estimates that all of her baking equipment will have a useful life of 5 record a full month's worth of depreciation, regardless of when the equipme 3. Natalie's grandmother has decided to charge interest of 6% on the note paya interest is to be repaid in 24 months. (Assume that half a month of interest a Prepare the adjusting journal entries. (List all debit entri amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. Nov. Nov