On November $1,20$Y$9,$ Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:

Nov. $1$ Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $$50,000.$

$1$ Paid rent for period of November $1$ to end of month, $$4,000.$

$6$ Purchased office equipment on account, $$15,000.$

$8$ Purchased a truck for $$38,500$ paying $$5,000$ cash and giving a note payable for the remainder.

$10$ Purchased supplies for cash, $$1,750.$

$12$ Received cash for job completed, $$11,500.$

$15$ Paid annual premiums on property and casualty insurance, $$2,400.$

$23$ Recorded jobs completed on account and sent invoices to customers, $$22,300.$

$24$ Received an invoice for truck expenses, to be paid in November, $$1,250.$

Enter the following transactions on Page $2$ of the two$-$column journal:

Nov. $29$ Paid utilities expense, $$4,500.$

$29$ Paid miscellaneous expenses, $$1,000.$

$30$ Received cash from customers on account, $$9,000.$

$30$ Paid wages of employees, $$6,800.$

$30$ Paid creditor a portion of the amount owed for equipment purchased on November $6,$ $$3,000.$

$30$ Paid dividends, $$2,500.$

Post $($in chronological order$)$ the journal to a ledger of four$-$column accounts, inserting appropriate posting references in both the journal and the ledger as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted.

Determine the excess of revenues over expenses for November.