$\backslash$table$[[,$A$,],[,$NOVEMBER TRANSACTIONS$],[,($I suggest you PRINT this page so that you can utilize for your JE tab.$)],[3,$Date,Transaction$],[4,8,$You open a bank account for your business.$],[5,8,\backslash$table$[[$You purchase $$2,500$ of your own business's common stock by depositing your personal$],[$cash into the business bank account.$]]],[6,8,\backslash$table$[[$You spend $$300$ to have business cards, flyers, and posters printed to advertise your$],[$business$.]]],[7,11,$Your business purchases paper and other office supplies for $$130.($Use Supplies.$)],[8,15,\backslash$table$[[$You start to gather some equipment to take with you when you begin your business. You have$],[$an excellent computer that is old, but works fine. You decides to start using it only for your$],[$new business. You estimate that the computer is currently worth $$400,$ and you transfer the$],[$computer into the business in exchange for additional common stock. $($Use "Computer" as the$],[$account type$).]]],[9,16,\backslash$table$[[$The company needs more cash to sustain its operations. Your parents lend the company$],[$$$5,000$ cash, in exchange for a two$-$year, $7\%$ note payable. Interest and the principal are$],[$repayable at maturity.$]]],[10,17,$Your business pays $$2,300$ for additional equipment.$],[11,18,\backslash$table$[[$FOR SERVICE COMPANIES: You schedule your first service performance for November $29.],[$You will receive $$275$ on the date of the service.$],[$FOR COMPANIES SELLING PRODUCTS: You order some merchandise from a wholesaler in$],[$the amount of $$1,400$ cash, shipping terms FOB Shipping Point. Freight costs amounted to$],[$$$140.]]],[12,25,\backslash$table$[[$FOR SERVICE COMPANIES: You book a second service performance for January $5$ for $$200.],[$You receive a $$100$ cash down payment, in advance.$]]],[13,29,\backslash$table$[[$FOR SERVICE COMPANIES: You fulfill the obligation originated on Nov $18,$ booked on$],[$November $18,$ and collects the $$275$ cash.$],[$FOR COMPANIES SELLING PRODUCTS: You have your first sale in the amount of $$500,$ paid$],[$for on account. These products originally costed you $$350.$ You ship your product to your$],[$customer under the terms FOB Destination. Freight Costs amounted to $$75$ cash.$]]],[14,30,\backslash$table$[[$Your Chief Marketing Officer $($CMO$)$ develops a website for your business that the company$],[$will use for advertising. He$/$She charges the company $$600$ for his$/$her work, payable at the$],[$end of December.$]]],[15,30,$Your business pays $$3,000$ for a one$-$year insurance policy using cash.$],[16,30,\backslash$table$[[$FOR SERVICE COMPANIES: You generate additional Service revenue, but your customer$],[$cannot pay today in cash. You issue the customer an invoice in the amount of $$300.$ They$],[$said it will get paid some time in December.$],[$FOR COMPANIES SELLING PRODUCTS: You make another sale to customers in the amount$],[$of $$300.$ These products originally costed you $$150.$ Your sale to your customer is under the$],[$terms n$/30$ and FOB Destination. Freight costs amounted to $$45.]]],[,30,\backslash$table$[[$You receive a $$175$ invoice for use of your cell phone. You use the cell phone exclusively for$],[$your business. The invoice is for services provided in November, and payment is due on$],[$December $15.($Use "Accounts Payable"$).]]]]$