Sebastian Incorporated had the following balances at the beginning of November.

SEBASTIAN INCORPORATED
Trial Balance
November 1
Accounts	Debits	Credits
Cash	$2,600
Accounts Receivable	540
Supplies	640
Equipment	8,800
Accounts Payable		$1,700
Notes Payable		3,400
Common Stock		6,400
Retained Earnings		1,080
Totals	$12,580	$12,580

The following transactions occur in November.

November 1	Issue common stock in exchange for $12,400 cash.
November 2	Purchase equipment with a long-term note for $2,900 from Hoosier Corporation.
November 4	Purchase supplies for $1,000 on account.
November 10	Provide services to customers on account for $8,400.
November 15	Pay creditors on account, $1,100.
November 20	Pay employees $2,400 for the first half of the month.
November 22	Provide services to customers for $10,400 cash.
November 24	Pay $1,160 on the note from Hoosier Corporation.
November 26	Collect $6,400 on account from customers.
November 28	Pay $1,100 to the local utility company for November gas and electricity.
November 30	Pay $4,400 rent for November.

Required: 1. Record each transaction. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at November 30. (Hint: Be sure to include the balance at the beginning of November in each T-account.) 4. Prepare a trial balance as of November 30.