In November $2023,$ after having incorporated Cookie Creations Inc, Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classes. The following events occur.

Nov. $8$ Natalie cashes in her U$.$S$.$ Savings Bonds and receives $$520,$ which she deposits in her personal bank account.

$8$ Natalie opens a bank account for Cookie Creations Inc.

$8$ Cookie Creations sells common stock to Natalie for $$500.$

$11$ Cookie Creations purchases paper and other office supplies for $$95.($Use Supplies.$)$

$14$ Cookie Creations pays $$125$ to purchase baking supplies, such as flour, sugar, butter, and chocolate chips. $($Use Supplies.$)$

$15$ 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 $$550.$ Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth $$300,$ and she transfers the equipment into the business in exchange for additional common stock. $($Treat this transaction as an $$300$ exchange of common stock for equipment.$)$

$16$ The company needs more cash to sustain its operations. Natalies grandmother lends the company $$2,000$ cash, in exchange for a two$-$year, $9\%$ note payable. Interest and the principal are repayable at maturity.

$17$ Cookie Creations pays $$900$ for additional baking equipment.

$18$ Natalie schedules her first class for November $29.$ She will receive $$100$ on the date of the class.

$25$ Natalie books a second class for December $5$ for $$150.$ She receives a $$60$ cash down payment, in advance.

$29$ Natalie teaches her first class, booked on November $18,$ and collects the $$100$ cash.

$30$ Natalie's brother develops a website for Cookie Creations Inc. that the company will use for advertising. He charges the company $$600$ for his work, payable at the end of December. $($Because the website is expected to have a useful life of two years before upgrades are needed, it should be treated as an asset called Website.$)$

$30$ Cookie Creations pays $$1,200$ for a one$-$year insurance policy.

$30$ Natalie teaches a group of elementary school students how to make Santa Claus cookies. At the end of the class, Natalie leaves an invoice for $$300$ with the school principal. The principal says that he will, pass it along to the business office and it will be paid some time in December.

$30$ Natalie receives a $$50$ invoice for use of her cell phone. She uses the cell phone exclusively for Cookle Creations Inc. business. The invoice is for services provided in November, and payment is due on December $15.$

Post the journal entries to the general ledger accounts and determine month$-$end balances

Cash

Accounts receivable

Supplies

Prepaid insurance

Equipment

Website

Accounts payable

Unearned service revenue

notes payable

Common stock

Service revenue

Utilities expense