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After researching the different forms of business organization. Swifty Koebel decides to operate "Cookie Creations" as a proprietorship. She then starts the process of getting the business running. In November 2021, the following activities take place. Nov. 8 Swifty cashes her U.S. Savings Bonds and receives $380, which she deposits in her personal bank account. 8 She opens a bank account under the name "Cookie Creations" and transfers $370 from her personal account to the new account. 11 Swifty pays $50 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $95 cash. (Hint: Use Supplies account.) 14 Swifty 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 $560. Swifty decides to start using it only in her new business. She estimates that the equipment is currently worth $220. She invests the equipment in the business. 16 Swifty realizes that her initial cash investment is not enough. Her grandmother lends her $1,500 cash, for which Swifty signs a note payable in the name of the business. Swifty deposits the money in the business bank account. (Hint: The note does not have to be repaid for 24 months. As a result, the note payable 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 $670 cash. 20 She teaches her first class and collects $95 cash. 25 Swifty books a second class for December 4 for $110. She receives $20 cash in advance as a down payment. 30 Swifty pays $980 for a one-year insurance policy that will expire on December 1, 2022.Prepare journal entries to record the November transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation Debit Credit (To record cash deposited in personal bank account) To record amount transferred from personal account to Cookie creation account) v vPost the journal entries to general ledger accounts. (Post entries in the order of journal entries presented in the previous port.) Cash Date Explanation Ref Debit Credit Balance Ji J1 Supplies Date Explanation Ref Debit Credit Balance v Prepaid Insurance Date Explanation Ref Debit Credit Balance v Equipment Date Explanation Ref Debit Credit BalanceUnearned Service Revenue Date Explanation Ref Debit Credit Balance Notes Payable Date Explanation Ref Debit Credit Balance Owner's Capital Date Explanation Ref Debit Credit Balance V Service Revenue Date Explanation Ref Debit Credit Balance Advertising Expense Date Explanation Ref Debit Credit BalancePrepare a trial balance at November 30. COOKIE CREATIONS Trial Balance For the Your Ended November 30, 2021 Credit November 30, 2021 For the Quarter Ended November 30, 2021 Totals eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Arswar