Dec 7 9 12 17 21 28 29 30 You purchase a commercial juicing machine, that costs $850 using money from your own personal bank account. The machine will be used exclusively in your new smoothie business. You open up a business bank account and deposit $910 from your personal bank account. Realizing your initial cash investment won't be enough, you borrow $2800 from your mom, depositing it into the business bank account. As part of the deal, you sign a one-year note payable in In the hopes of generating some revenue, you pay $330 cash to advertise in the community newspaper. You buy supplies such as protein powder, cups, straws, and fresh fruit and vegetables, by paying $205 cash. You make and deliver your first batch of smoothies to Fred's Yoga Studio and you leave an invoice for $295 with the studio owner. The invoice is payable within 30 days. A $102 invoice is received for your business cell phone for cell service for the month of December. Fred's Yoga Studio pre-ordered another batch of smoothies and paid you a $120 cash advance on that order. To celebrate your first month of operations, you buy yourself a $80 new year's present using a business cheque, so that the money comes out of the business bank account. Instructions a. Prepare journal entries to record the transactions. b. Post the entries to general ledger accounts. c. Prepare a trial balance as at December 31, 2020.