The Process of Recording Transactions After researching the different forms of business organization you decide to open a bakery as a sole proprietorship. Then you start the process of getting the testing understand that you will not be able to open the store right away but you need to generate some income. You decide to cater corporate vents and goes in Number 2021 the following activities take place Now You caih your US Savings Bonds and receive $520 which you droosit in your personal bank account You open a bank account under the chosen business nathe and a $500 personal account to the new cuk 11 You $65 for advertising supplies 35 14 You start to gather some equipment Vis have i that the ephem 16 comently worth $300 You mest the equo in the busine You te thus your al cash vestit ni mogh Your parents lead you $2.500 cash, for which is s y in the business bank account, (Hit The pite does not have to be repold or 24 months Aires, the not the balance sheet as the last lubility) 17 You buy more baking ment for $1,200 cash You collect $125 cash from all event 23 25 30 You receive an electric bill for $125 which is due in the weeks You book a party for December 4 for $150. You receive $30 cash in advance in a down payment You pay $1.120 for a one-year insurance policy thut will expire on December 1, 2022 Requirements for part A 1. Prune joumul entries to record the November tansactions, if no entry is required indicate why 2. Post the journal entries to the general ledger accounts 3. Prepare a hal balance for November 30, 2021 Templates