(Solved): Updated Pictures After researching the different forms of business organization. Bramble Koebel deci ...

After researching the different forms of business organization. Bramble Koebel decides to operate "Cookie Creations" as a broprietorship. She then starts the process of getting the business running. In November 2021 , the following activities take place. Nov. 8 Bramble cashes her U.S. Savings Bonds and receives \( \$ 600 \), which she deposits in her personal bank account. 8 She opens a bankaccount under the name "Cookie Creations" and transfers \( \$ 580 \) from her personal account to the new account. 11 Bramble pays \( \$ 75 \) for advertising. 13 She buys baking supplies, 5 uch as flour, sugar, butter, and chocolate chips, for \( \$ 145 \) cash. (Hint: Use Supplies account.) 14. Bramble 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 \( \$ 870 \). Bramble decides to start using it only in her new business. She estimates that the equipment is currently worth 5350 , she invests the equipment in the business. 16 Bramble realizes that her initial cashinvestment is not enough. Her grandmother lends her \( \$ 2,300 \) cash, for which Bramble signs a note payable in the name of the business. Beamble 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 \( \$ 1040 \) cash. 20 She teaches her first class and collects \( \$ 145 \) cash. 25 Bramble books a second class for December 4 for \( \$ 170 \). She receives \( \$ 30 \) cash in advance as a down payment: 30 Bramble pays \( \$ 1,530 \) for a one-year insurance pollsy that will expire on December 1,2022. ost the journal entries to general ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Supplies Prepaid Insurance Equipment \( j 1 \) Unearned Service Revenue \begin{tabular}{l} Date Explanation Ref \( \quad \) Debit \\ Nov.25 \\ \hline \end{tabular} Balance Notes Payable \begin{tabular}{l} Date Explanation Ref \( \quad \) Debit \\ \hline Nov.16 \\ \hline \end{tabular} Owner's Capital \begin{tabular}{|lll|} \hline Date Explanation Ref & Debit \\ \hline Nov.8 & & \\ \hline \end{tabular} 31 Service Revenue \begin{tabular}{|llll|} \hline Date & Explanation Ref & Debit \\ \hline Nov. \( 20-v \) & & \end{tabular} \( 1765.00 \) Advertising Expense: Drannwen a trial hatanea at Nnvomhor. RO