In November 2017, after having incorporated Crazy 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. Journal the following transactions.

In November 2017, after having incorporated Crazy 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. Chart of Accounts: Cash Capital, N. Koebel Accounts Receivables Drawings, N.Koebel Baking Supplies Revenue Supplies Baking Supplies (Cost of goods sold) Website Utilities Expense Equipment Salaries and Wages Expense Accounts Payable Supplies Expense Interest payable Interest Expense Loan Insurance Expense Phone Expense Journal the following transactions. Nov. 3 Natalie cashes in her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account. Bank Memo 1 8 Natalie opens a bank account for Crazy Cookie Creations Inc. Bank Memo 2 8 Natalie invests $500 more of her own money into Crazy Cookie Creations. Bank Memo 3 11 Crazy Cookie Creations purchases paper and other office supplies for $95 cash. rec. 1 14. Crazy Cookie Creations pays $125 cash to purchase baking supplies, such as flour, sugar, butter, and chocolate chips. Rec. 2 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 Capital. Memo 1 16. The company needs more cash to sustain its operations. Natalie's grandmother lends the company $2,000 cash, in exchange for a two-year, 5% interest on the loan. Interest and the principal are repayable at maturity (end of 2 years). Memo 2 17. Crazy Cookie Creations pays $900 for additional baking equipment. Rec3 18. Natalie schedules her first class for November 29. She will receive $100 on the date of the class. Invoice 1 25 Natalie books a second class for December 5 for $150. She receives a $50 cash down payment, in advance. Invoice 2 29. Natalie teaches her first class, booked on November 18, and collects the $100 cash. Rec. 4 30. Natalie's brother develops a website for Crazy Cookie Creations Inc. that the company will use for advertising. He charges the company 5500 for his work, payable at the end of December. Invoice 3 30 Crazy Cookie Creations pays $500 for a one-year insurance policy. Cheque 4 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. Invoice 5 30 Natalie receives a $50 invoice for use of her cell phone. She uses the cell phone exclusively for Crazy Cookie Creations Inc. business. The invoice is for services provided in November, and payment is due on December. Invoice 6 GENERAL JOURNAL PAGE 1 DATE Particulars POST. DEBIT CREDIT REF 1 | 1 2 2 3 3 4 4 4