Small business entrepreneur Elizabeth $0$'Brien decides to start up her own business to provide cooking classes to the local community. Taste Buds Kitchen not only provides cooking classes but also provides sells pre$-$packaged ingredients called "Taste Buds at Home" that customers can purchase to recreate gourmet meals at home. In November $2023,$ Elizabeth incorporates her business Taste Buds Kitchen, Inc. The following events occur in November and December, the first two months of operations:

November $2023$

November $8$

November $8$

November $14$

November $15$

Elizabeth cashes in her U$.$S$.$ Savings Bond and receives $$520,$ which she deposits in her personal bank account.

Elizabeth purchases $$500$ of common stock in Taste Buds Kitchen.

Taste Buds Kitchen pays $$125$ to purchase baking supplies, such as flour, sugar, butter, and chocolate chips $($Account: Supplies$).$

Elizabeth starts to gather some equipment to take with her when teaching the cooking classes. She has an excellent top$-$of$-$the$-$line food processor and mixer that originally cost her $$550.$ Elizabeth decides to start using it only in her business. She estimates that the equipment is currently worth $$300,$ and she transfers the equipment into the business in exchange for additional common stock.

Prepare journal entries to record the November and December transactions for Taste Buds Kitchen, Inc.