P$3-6$LO $3\mathrm{.}3$ LO $3\mathrm{.}4$ LO $3\mathrm{.}6$Journal Entries, Posting, and Trial Balance Luke Unlimited Company$$s account balances on November $1$ are as follows:$$Debit Cash Accounts Receivable$$Allowance for Doubtful Accounts Notes Receivable$$Inventory$$Prepaid Insurance Office Supplies$$Land Buildings$$Accumulated Depreciation: Buildings$$Equipment$$Accumulated Depreciation: Equipment$37,620$$ $7,80012,5306,00025,12184046574,35066,580$Credit Patents Accounts Payable $ $740$ Notes Payable Common Stock, no par$$Retained Earnings, January $1$ Sales Revenue$$Cost of Goods Sold Sales Salaries Expense$$Office Salaries Expense Advertising Expense$21,400$ Utilities Expense Interest Revenue$$Interest Expense $11,480$During the month of November, the following transactions took place: Date$$Transaction$$Nov$.2$ Made cash sales of $$3,400$; the cost of the inventory sold was $$2,040.3$ Purchased $$900$ of inventory for cash. $5$ Sold an unused $1/2$ acre of land for $$4,000$; the land had originally cost $$3,650.8$ Purchased a $2-$year comprehensive insurance policy for $$528.12$ Leased an unused portion of its building to WebbCo, collecting $6$ months$$ rent in advance at $$220$ per month.$32,0006,2004,3001,2501,845550210$ Debit $$25,000$$ $38,7502,400165,00024,95836,833$