Followings are the transactions related to HCD for catering services company on November 1,2018. During the first month of operations the following transactions occurred:

Nov. 1 Invested $150,000 cash in new business 2 Purchased Car for $15,000 cash 3 Purchased office furniture for $5,000 on account from IKEA 4 Paid $1,500 cash utilities 5 Hired a manager at a salary of $4,000 per month, effective December 1 6 Rendered services for $8,000 on account 7 Rendered services for $100,000, received $40,000 cash and the remaining on account 8 Paid $800 for November office rent 9 Purchased land costing $50,000 by paying 20,000 cash and the remaining on account. 10 Purchased supplies for $5,000, paid 50% cash and the remaining on account 11 Paid $1,200 cash for a one-year insurance policy 12 Paid $5,000 on account for IKEA (November 3) 13 Received $4,000 cash in advance for future services 14 Received $8,000 on account for services performed on November 6. 15 Signed Notes Payable for a loan of $12,000 from ADIB Bank 16 Paid advertising expense $1,500 17 Billed customers $1,800 for services provided 18 Purchased Car for $25,000 paid $15,000 cash and signed a note payable for the Remaining balance 19 They bought a software for the company of $8,000 cash 20 Depreciation expense for the month of November 5,000 21 Collected $60,000 cash for services provided on November 7 22 Purchased gas and oil for $700 cash 23 Purchased inventory for $1,500 on account 31 Paid $6,250 salaries of the month Instructions: a) Journalize the transactions

b) Prepare a trial balance on November 30,2018

c) Prepare an income statement and owners? equity statement for the month of November and a balance sheet at November 30 HINT: Trial Balance = $324,800 Total Assets = $304,050

For each of the items, indicate the type of business activity-operating, investing, or financing. Type of Activity Operating Investing 1. Purchase of goods for resale 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment 6. Purchase of equipment 7. Sale of merchandise to customers 8. Payment of salaries to employees 9. Sale of long-term investment 10. Repayment of loan owed to bank 11. Payment of dividends 12. Payment of interest on money borrowed from bank Investing 4 Y