Question: Consider the following transactional data for the first month of

Consider the following transactional data for the first month of operations for Crystal Clear Cleaning.
Nov. 1 Stockholders contributed $35,000 and a truck, with a market value of $7,000, to the business in exchange for common stock.
2 The business paid $2,000 to Pleasant Properties for November through February rent. (Debit Prepaid Rent)
3 Paid $1,800 for a business insurance policy for the term November 1, 2017 through October 31, 2018. (Debit Prepaid Insurance)
4 Purchased cleaning supplies on account, $220.
5 Purchased on account an industrial vacuum cleaner costing $2,000. The invoice is payable November 25.
7 Paid $1,200 for a computer and printer.
9 Performed cleaning services on account in the amount of $3,800.
10 Received $300 for services rendered on November 9.
15 Paid employees, $350.
16 Received $12,000 for a 1 -year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2017, and ends November 15, 2018. (Credit Unearned Revenue)
17 Provided cleaning services and received $1,000 cash.
18 Received a utility bill for $250 with a due date of December 4, 2017. (Use Accounts Payable)
20 Borrowed $96,000 from bank with interest rate of 9% per year.
21 Received $900 on account for services performed on November 9.
25 Paid $1,000 on account for vacuum cleaner purchased on November 5.
29 Paid $500 for advertising.
30 Cash dividends of $200 were paid to stockholders.
1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Cleaning Supplies; Prepaid Rent; Prepaid Insurance; Equipment; Truck; Accounts Payable; Unearned Revenue; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Advertising Expense; and Utilities Expense. Explanations are not required.
2. Open a T-account for each account.
3. Post the journal entries to the T-accounts, and calculate account balances. Formal posting references are not required.
4. Prepare a trial balance as of November 30, 2017.

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