Consider the following transactional data for the first month of operations for Crystal Clear Cleaning.

Requirements 

1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Cleaning Supplies; Prepaid Rent; Prepaid Insurance; Equipment; Truck; Accounts Payable; Unearned Revenue; Notes Payable; Hideaway, Capital; Hideaway, Withdrawals; Service Revenue; Salaries Expense; Advertising Expense; and Utilities Expense. Explanations are not required.
2. Open a T-account for each account.
3. Post the journal entries to the T-accounts, and calculate account balances.
4. Prepare an unadjusted trial balance as of November 30, 2025.

Transcribed Image Text:

Nov. 1 Aaron Hideaway contributed $15,000 and a truck, with a fair value of $3,000, to the business in exchange for capital. 2 The business paid $4,000 to Pleasant Properties for November through February rent. (Debit Prepaid Rent) 3 4 5 7 9 10 Paid $4,800 for a business insurance policy for the term November 1, 2025 through October 31, 2026. (Debit Prepaid Insurance) Purchased cleaning supplies on account, $320. Purchased on account an industrial vacuum cleaner costing $1,500. The invoice is payable November 25. Paid $3,900 for a computer and printer. Performed cleaning services on account in the amount of $4,700. Received $200 for services rendered on November 9. 15 Paid employees, $400. 16 Received $15,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2025, and ends November 15, 2026. (Credit Unearned Revenue) 17 Provided cleaning services and received $400 cash. 18 Received a utility bill for $175 with a due date of December 4, 2025. (Use Accounts Payable) 20 Borrowed $36,000 from bank with interest rate of 6% per year. 21 Received $500 on account for services performed on November 9. 25 Paid $750 on account for vacuum cleaner purchased on November 5. Paid $200 for advertising. 29 30 Hideaway withdrew cash of $1,400 from the business.