Return to Blackboard Principles, 12e Weygandt, Accounting US NEXT PRINTER VERSION Cookie creations 3 (Part Level submission) forms business organization, Natalie decides to operate aeations as a proprietorship. She then starts the process of getting the business running. November 2016, the following activities take pla Nov 8 Natalie cashes her savings whid she deposits in her accou bank account under the name Cookie Creations and transfers from her personal account to the new accoun Natalie pays $65 for advertising. and chocolate chips, for s125 cash. Hurt: Use supplies account.) flour, sugar, butt 13 She buys baking supplies, such as top-of-t to take with her when teaching the cookie classes. She has 14 Natalie starts to gather some baking equipment decides to start using it only in her new business. She estimates that originally cost her $750. Natal line food processor and mixer that the equipment is currently worth $300. She invests the equipment grandmother lends her s2,000 cash, for which Natalie signs a is not enough 16 Natalie realizes that her initial cash investment note payable in the name of the business. Natalie deposits the money in the business bank account. (Hint: The note does not have to be repaid for 24 months. As a resu the note 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 $900 cash. 20 She teaches her first class and collects S125 cash December 4 for $150. She receives s30 cash in advance as a down payment. 25 Natalie books a second class for December 2017 policy that will expire on 30 Natalie pays $1320 for a one-year insurance ndmother asked Natalie how well things went in is the end of November and Natalie has in with her gra first month of business. Natalie, would like to know ndmother. Her gra realizes that in order to if she has been profitable or not during November. Natalie determine Cookie Creations' income, she must first make adjustments. Natalie puts together the folowing additional information. that nf hak