16. Post the transactions below and prepare a trial balance. Exam Nov. 1 Cash Capital Stock Issued stock in exchange for cash. 8 Land Building Cash Notes Payable. Purchased land and building, by paying $40,320 cash and issuing a note payable for the remaining balance. 15 Office Equipment. Accounts Payable.... Purchased office equipment on account. 21 Accounts Payable. Office Equipment. Returned some of the office equipment purchased on November 15. 25 Notes Payable Cash Paid note payable. 30 Vehicles Cash Notes Payable Purchased vehicles by paying $1,680 cash and issuing a note payable for the remaining balance. 144,000 144,000 84,000 70,320 40,320 114,000 3,840 3,840 576 576 14,400 14,400 11,280 1,680 9.600