general ledger accounts. (Post entries in the order of journal entries presented in the previous part) Current Attempt in Progress After researching the different forms of business organization. Coronado 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 Coronado cashes her U.S. Savings Bonds and receives $440, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookie Creations" and transfers $420 from her personal account to the new account. 11 Coronado 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 Coronado 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 $630. Coronado 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 Coronado realizes that her initial cash investment is not enough. Her grandmother lends her $1,700 cash, for which Coronado signs a note payable in the name of the business. Coronado 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 $760 cash. 20 She teaches her first class and collects $105 cash. uestion 1 of 1 0.3/1 Supplies Date Explanation Ref Debit Credit Balance J1 Prepaid Insurance Date Explanation Ref Debit Credit Balance J1 Equipment Date Explanation Ref Debit Credit Balance J1 J1 Unearned Service Revenue Date Explanation Ref Debit Credit Balance J1 Notes Payable Date Explanation Ref Debit Credit Balance a w (9) (3) 16 Coronado realizes that her initial cash irvestment is not enough. Her grandmother lends her $1,700 cash, for which Coronado signs a note payable in the name of the business. Coronado 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 burs more baking equipment for $760 cash. 20 She teaches her first class and collects $105 cash 25 Coronado bocks a second class for December 4 for $130 She receives $30 cash in advance as a down payment. 30 Coronado pays $1,110 for a one vear insur ance policy that will expir en December 1, 2022 (a) - Your arswer is partilily correct Prepare journal entries to record the November transactions. Uist all debit entries before credit enthat Credit account titles are outomatically inderted when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amourts. Record journal entries in the arder displayed in the problem) Date Account Titles and Explanation Debit Credit