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

d) Journalize the following adjustments related to the end of November 30: 1. Depreciation of the fixed assets for the month was $1,200 2. One month of the insurance expired 3. An inventory count shows $2,000 of supplies on hand at November 30 4. All the unearned revenue was earned

e) Prepare an adjusted trial balance

f) Prepare an income statement, owners equity statement and a balance sheet after adjustment