Netflix, Inc. has the following transactions for November 2024:

• Issued common stock for $600,000 cash.
• Purchased film production equipment for $120,000 cash.
• Paid $40,000 for November rent.
• Sold subscription services for $400,000, with a cost of $250,000.
• Paid $35,000 for utilities.

Required:

1. Record these transactions in the general ledger.
2. Prepare the trial balance as of November 30, 2024.
3. Discuss the importance of maintaining accurate ledger entries in financial accounting.