The remainder of this project continues with the idea of a company like Jan's Juice Bar. However, you should choose your own unique company name. Note that the capital and drawings accounts will now be called "YourlastName, capital" and "YourLastName, drawings". After researching the different forms of business organization, you decide to operate your business as a proprietorship. You then start the process of getting the business running. During the month of December 2021, the following activities take place: Dec 1 7 9 You purchase a commercial Juicing machine, that costs $2000 using money from your own personal bank account. The machine will be used exclusively in your new smoothie business. You open up a business bank account and deposit $1800 from your personal bank account, Realizing your initial cash investment won't be enough, you borrow $2500 from your mom, depositing it into the business bank account. As part of the deal, you sign a one-year note payable in the name of the business. in the hopes of generating some revenue, you pay $250 cash to advertise in the community newspaper, You buy supplies such as protein powder, cups, straws, and fresh fruit and vegetables, by paying $400 cash. You make and deliver your first batch of smoothies to Fred's Yoga Studio and you leave an invoice for $425 with the studio owner. The invoice is payable within 30 days. 12 17 21 28 29 A $135 invoice is received for your business cell phone for cell service for the month of December Fred's Yoga Studio pre-ordered another batch of julce drinks, for delivery next month on Jan 15th, and paid you a $225 cash advance on that order. To celebrate your first month of operations, you buy yourself new workout gear for $175 using a business cheque, so that the money comes out of the business bank account 30 Instructions 3. Prepare journal entries in the general journal to record the transactions. b. Post the entries to general ledger accounts c. Prepare a trial balance as at December 31, 2021