The following transactions occur in November. November 1 Issue common stock in exchange for $11,000 cash.
November 2 Purchase equipment with a long-term note for $1,500 from Spartan Corporation.
November 4 Purchase supplies for $1,100 on account.
November 10 Provide services to customers on account for $7,000.
November 15 Pay creditors on account, $1,200.
November 20 Pay employees $1,000 for the first half of the month.
November 22 Provide services to customers for $9,000 cash.
November 24 Pay $600 on the note from Spartan Corporation.
November 26 Collect $5,000 on account from customers.
November 28 Pay $1,200 to the local utility company for November gas and electricity.
November 30 Pay $3,000 rent for November.

November 1 Issue common stock in exchange for $11,000 cash.

Dr Cash 11,000

    Cr Common stock 11,000

November 2 Purchase equipment with a long-term note for $1,500 from Spartan Corporation.

Dr Equipment 1,500

    Cr Notes payable 1,500

November 4 Purchase supplies for $1,100 on account.

Dr Supplies 1,100

    Cr Accounts payable 1,100

November 10 Provide services to customers on account for $7,000.

Dr Accounts receivable 7,000

    Cr Service revenue 7,000

November 15 Pay creditors on account, $1,200 (should be $1,100)

Dr Accounts payable 1,100

    Cr Cash 1,100

November 20 Pay employees $1,000 for the first half of the month.

Dr Wages expense 1,000

    Cr Cash 1,000

November 22 Provide services to customers for $9,000 cash.

Dr Cash 9,000

    Cr Service revenue 9,000

November 24 Pay $600 on the note from Spartan Corporation.

Dr Notes payable 600

    Cr Cash 600

November 26 Collect $5,000 on account from customers.

Dr Cash 5,000

    Cr Accounts receivable 5,000

November 28 Pay $1,200 to the local utility company for November gas and electricity.

Dr Utilities expense 1,200

    Cr Cash 1,200

November 30 Pay $3,000 rent for November.

Dr Rent expense 3,000

    Cr Cash 3,000

it's d. out with the planting and harvest of the crops.

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