On November 1, 201X, Bette Sirota opened Bette?s Art Studio. The following transactions occurred in November.

Your tasks are to do the following:

1. Set up a ledger based on the following chart of accounts using fourcolumn accounts.

2. Journalize (journal is page 1) and post the November journal entries.

3. Prepare a trial balance as of November 30, 201X.

The chart of accounts for Bette?s Art Studio is as follows:

Transcribed Image Text:

Chart of Accounts Assets Owner's Equity 111 Cash 311 B. Sirota, Capital 112 Accounts Receivable 312 B. Sirota, Withdrawals 114 Prepaid Rent Revenue 121 Art Supplies 411 Art Fees Earned 131 Equipment Expenses Liabilities 511 Electrical Expense 211 Accounts Payable 521 Salaries Expense 531 Telephone Expense