This assignment is a continuation of the Cookie Creations  case study, which  began in Chapter 1. From the information gathered in the  previous chapter, read  the continuation of the Cookie Creations case study in  Chapter 2 of the textbook on p. 2-42.

The case study allows you to apply what you have learned  about accounting  and the recording process. This assignment will enable you to  practice what you  have learned so far.

After researching the different forms of business  organization, Natalie decides to operate Cookie Creations as a proprietorship.  She then starts the     process of getting the business running. In November 2019,  the following activities listed below take place.

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

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

Nov. 11: Natalie pays $65 for advertising.

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

Nov. 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  equipment is   currently worth $300. She invests the equipment in   the   business.

Nov. 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 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  on the balance sheet as the last liability.)

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

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

Nov. 25: Natalie books a second class for December 4 for  $150. She receives   $30 cash in advance as a down payment.

Nov. 30: Natalie pays $1,320 for a 1-year insurance policy  that will expire   on December 1, 2020. Answer  the questions below using an Excel spreadsheet. You should create a    new tab on  your spreadsheet for each calculation used for a total of three tabs  on your spreadsheet.

Prepare journal entries to record the November transactions.

Post the journal entries to general ledger accounts.

Prepare  a trial balance at November 30.

Please  show your work, and do not take any shortcuts. Make sure to complete  item “a”  completely before moving to item “b,” and then move to item “c.” You   cannot jump  ahead unless you have completed each step sequentially in full.

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