Shaw Management Services opens for business and completes these transactions in November:

Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2).
2. Open the following accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); K. Shaw, Capital (301); K. Shaw, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post the jour¬ nal entries from part 1 to the accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of this month's operations.

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Nov. 1 Kita Shaw, the owner, invested $30,000 cash along with $15,000 of office equipment in the business. 2 Prepaid $4,500 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $4,500.) Made credit purchases of office equipment for $2,500 and of office supplies for $600. Payment is due within 10 days. 8 Completed work for a client and immediately received $3,400 cash. 12 Completed a $10,200 project for a client, who must pay within 30 days. 13 Paid $3,100 cash to settle the account payable created on November 4. 19 Paid $1,800 cash for the premium on a 24-month insurance policy. 22 Received $5,200 cash as partial payment for the work completed on November 12. 24 Completed work for another client for $1,750 on credit. 28 Shaw withdrew $5,300 cash for personal use. 29 Purchased $249 of additional office supplies on credit. 30 Paid $531 cash for this month's utility bill.