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After researching the different forms of business organization. Lily Koebel decides to operate "Cookie Creation She then starts the process of getting the business running. In November $2021,$ the following activities take plac

Nov. $8$ Lily cashes her U$.$S$.$ Savings Bonds and receives $$400,$ which she deposits in her personal bank accou

$8$ She opens a bank account under the name "Cookie Creations" and transfers $$380$ from her personal account.

$11$ Lily pays $$50$ for advertising.

$13$ She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $$95$ cash. $($Hint: Use Sup

$14$ Lily starts to gather some baking equipment to take with her when teaching the cookie classes. She he of$-$the$-$line food processor and mixer that originally cost her $$570.$ Lily decides to start using it only in She estimates that the equipment is currently worth $$230.$ She invests the equipment in the business.