Complete the given worksheet. $($If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$

Question

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n worksheet. $($If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign $($or t of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$

After researching the different forms of business organization. Natalie Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of operating the business. In November $2022,$ the following activities take place.

Nov. $8$ Natalie cashes her U$.$S$.$ Savings Bonds and receives $$520,$ which she deposits in her personal bank account.

$8$ She opens a bank account under the name "Cookie Creations" and transfers $$500$ from her personal account to the new account.

$11$ Natalie pays $$65$ for advertising.

$13$ She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $$125$ cash. $($Hint: Use the Supplies account.$)$

$14$ Natalie starts to gather some baking equipment to take with her when teaching the cookie classes. She has an excellent top$-$of$-$the$-$line food processor and mixer that originally cost her $$750.$ Natalie decides to start using it only in her new business. She estimates that the food processor is currently worth $$300.$ She invests the food processor in the business.

$16$ Natalie realizes that her initial cash investment is not enough. Her grandmother lends her $$2,000$ cash, for which Natalie signs a note payable in the name of the business. Natalie deposits the money in the business bank account. $($Hint: The note will be repaid in $24$ months. As a result, the note payable should be reported in the accounts and the balance sheet as the last liability.$)$

$17$ She buys more baking equipment for $$900$ cash.

$20$ She teaches her first class and collects $$125$ cash.

$25$ Natalie withdraws $$100$ from the business for personal expenditures.

$30$ Natalie pays $$1,320$ for a one$-$year insurance policy that will expire on December $1,2023.$