Consider the following transactional data for the first month of operations for White Glove Cleaning. (Click the icon to view the transactions.) Start from the unadjusted trial balance that White Glove Cleaning prepared at November 30, 2018, and consider the following adjustment data: (Click the icon to view the unadjusted trial balance.) i (Click the icon to view the adjustment data.) Read the requirements. Requirement 1. Prepare all required adjusting journal entries at November 30. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Cleaning supplies on hand at the end of November were $70. Prepare the required adjusting journal entry. Date Accounts and Explanation Nov. 30 Hackam, Withdrawals Cash Debit Credit 500 500 a. Cleaning supplies on hand at the end of November were $70. b. One month's combined depreciation on all depreciable assets was estimated to be $250. c. One month's interest expense is $54. Nov. 20 Borrowed $66,000 from bank with interest rate of 3% per year. Nov. 21 Received $1,400 on account for services performed on November 9. Nov. 25 Paid $2,750 on account for vacuum cleaner purchased on November 5. Nov. 29 Paid $300 for advertising. Nov. 30 Hackam withdrew cash of $500 from the business. Accounts Payable $ 3,520 Unearned Revenue 12,000 Notes Payable 66,000 Hackam, Capital 24,000 Hackam, Withdrawals 500 Service Revenue 5,700 Salaries Expense 1,200 Advertising Expense Utilities Expense 300 320 $ 111,220 $ 111,220 Total White Glove Cleaning Unadjusted Trial Balance November 30, 2018 Balance Account Title Debit Credit Cash 87,450 Accounts Receivable 2,400 Cleaning Supplies 450 Prepaid Rent 2,400 Prepaid Insurance 1,200 Equipment 7,000 Truck 8,000 Accounts Payable $ 3,520 Unearned Revenue 12,000 Notes Payable 66,000 Nov. 1 Tim Hackam contributed $16,000 and a truck, with a market value of $8,000, to the business in exchange for capital. Nov. 2 The business paid $2,400 to Portland Properties for November through February rent. (Debit Prepaid Rent) Nov. 3 Paid $1,200 for a business insurance policy for the term November 1, 2018 through October 31, 2019. (Debit Prepaid Insurance) Nov. 4 Purchased cleaning supplies on account, $450. Nov. 5 Purchased on account an industrial vacuum cleaner costing $5,500. The invoice is payable November 25. Nov. 7 Paid $1,500 for a computer and printer. Nov. 9 Performed cleaning services on account in the amount of $4,800. Nov. 10 Received $1,000 for services rendered on November 9. Nov. 15 Paid employees, $1,200. Nov. 16 Received $12,000 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2018, and ends November 15, 2019. (Credit Unearned Revenue) Nov. 17 Provided cleaning services and received $900 cash. Nov. 18 Received a utility bill for $320 with a due date of December 4, 2018. (Use Accounts Payable)