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Prepare journal entries to record the November transactions. (List all debit entries before credit entries. Credit account titles are enter o for the amounts, Record

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Prepare journal entries to record the November transactions. (List all debit entries before credit entries. Credit account titles are enter o for the amounts, Record joumal entries in the order displayed in the problem) After researching the different forms of business organization. Oriole Koebel decides to operate "Cookie Creations" as a. proprletorship she then starts the process of getting the business running in November 2021, the following activities take place. Nov. 8 Oriole cashes her U.S. Savings Bonds and receives $500, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookic Creations" and transfers $480 from her personal account to the new account: 11 Oriclepays $60 for advertising: 13 She burs baking supplies, suchas four, sugar, butter, and chocolate chips, for $120 cash. (Hint: Use Supplies account) 14 Oriole starts to gather some baking equipment to toke with her when teaching the cookie classes. She has an excellent top-of-the-line food processor and mixer that originally cost her $720. Oriole decides to start using it only in her new business. She estimates that the equipment is currently worth $290. She invests the equipment in the business. 16 Oriole realizes that her initial cash investment is not enough. Her grandmother lends her $1,900 cash, for which Oriole signs a note payable in the name of the business, Oriole 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 paryable 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 $860 cash 20 She teaches her first class and collects $120cash. 25 Oriole books a second class for December 4 for $140. She receives $30 cash in advance as a down payment. 30 Oriole pays $1,270 for a one-year insurance policy that will expire on December 1,2022

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