Andrew Habib contributed $35,000 and a truck, with a market value of $7,000, to the business in exchange for capital. (Common Stock). 2 The business paid $2,000 to Pleasant Properties for the term November 1, 2020 through February, 2021 rent. (Debit Prepaid Rent) 3 Paid $1,800 for a business insurance policy for the term November 1, 2020 through October 31, 2021. (Debit Prepaid Insurance) 4 Purchased cleaning supplies on account, $220. 5 Purchased on account an industrial vacuum cleaner costing $2,000. The invoice is payable November 25. 7 Paid $1,200 for a computer and printer. 9 Performed cleaning services on account in the amount of $3,800. 10 Received $300 for services rendered on November 9. 15 Paid employees, $350. 16 Received $12,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2020, and ends November 15th, 2021. (Credit Unearned Revenue) 17 Provided cleaning services and received $1,000 cash. 18 Received a utility bill for $250 with a due date of December 4. (Use Accounts Payable) 20 Borrowed $96,000 from bank with interest rate of 9% per year. (LT Note Payable) 21 Received $900 on account for services performed on November 9. 25 Paid $1,000 on account for vacuum cleaner purchased on November 5. 29 Paid $500 for advertising. 30 Habib received dividends of $200 November Adjustments: a. Cleaning supplies on hand at the end of November were $30. b. One months combined depreciation on all depreciable assets was estimated to be $270. c. One months interest expense is $240. d. Calculate the adjustment for Prepaid Rent. e. Calculate the adjustment for Prepaid Insurance. f. Calculate the adjustment for Unearned Revenue

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