Journalizing transactions, posting to T-accounts, and preparing a trial balance Consider the following transactional data for the first month of operations for Shine King Cleaning. Nov Evan Hudson contributed S35,000 and his truck, with a market value of $8,000, to the businoss in oxchange for capital. The business paid $2.000 to Pleasant Properties for November through February rent. (Debit Prepaid Rent) 12 Paid S2,400 for a business insurance policy for the term November 1, 2015 through October 31, 2016. (Debit Prepaid Insurance) Purchased cleaning supplies on account, S270. 5. Purchased on account an industrial vacuum cleaner costing S1.000. The invoice is payablo November 25. Paid $1,200 for a computer and printer. Performed cleaning services on account in the amount of S3,000. 10 Received S100 for services rendered on November 9. 15 Paid employees, S500. 16 Received S3,600 for a 1-year contract beginning November 16 for cleaning services to be provided. Contract begins November 16, 2015, and ends November 15. 2016. (Credit Unearned Revenue) 17 Provided cleaning services and received S800 cash. 18 Received a utility bill for $175 with a due date of December 4, 2015. (Use Accounts Payable) 20 Borrowed $40,000 from bank with interest rate of 9% per year. 21 Received S900 on account for services performed on November 9. 25 Paid S500 on account for vacuum cleaner purchased on November 5. 29 Paid $100 for advertising. 30 Hudson withdrew cash of S600. 2. Open a T-account for each account.