Luke Unlimited Company€™s account balances on November 1 are as follows:

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.
13 Made $2,300 of sales on credit to Lauren Company; the cost of the inventory sold was $1,400.
16 Collected the $200 monthly payment plus $30 interest on a customer€™s note receivable.
17 Purchased $1,600 of inventory on credit from Katy Company.
20 Purchased land for a future building site. Made a $2,000 down payment and signed a 12%, 90-day, $6,000 note payable for the balance.
23 Collected the Lauren Company account for the November 13 sale.
26 Paid for the November 17 purchase of inventory.
27 Paid the city newspaper $420 for advertising that had appeared during November.
30 Paid $520 of sales salaries and $390 of office salaries.
Required:
1. Prepare general journal entries to record the preceding transactions.
2. Post to general ledger T-accounts.
3. Prepare a trial balance on November 30.

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Debit Gredit Credit bit 7,800 12,530 Cash Accounts Receivable Allowance for Doubtful Accounb Notes Receivable inventory Prepaid Insurance Office Supplies Land Buildings Accumulated Depreciation Patents Accounts Payable $25,000 38,750 2,400 165,000 24,958 36,833 $740 Noles Payable 6,000 25,121 840 465 74,350 66,580 Common Stock, no par Retained Earnings, January 1 Sales Revenue Costof Goods Sold Soles Salaries Expense Office Salarnies Expense 32,000 6.200 4,300 1,250 1,845 2 9 Buildings Equipment Accumulated Depreciation: 21,400 Utdites Expense Intorest Revenue 37,620 550 Interest Expense 210 Equipment 11,480