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

SEBASTIAN INCORPORATED
Trial Balance
November 1
Accounts	Debits	Credits
Cash	$1,200
Accounts Receivable	400
Supplies	500
Equipment	7,400
Accounts Payable		$1,000
Notes Payable		2,000
Common Stock		5,000
Retained Earnings		1,500
Totals	$9,500	$9,500

The following transactions occur in November.

November 1	Issue common stock in exchange for $11,000 cash.
November 2	Purchase equipment with a long-term note for $1,500 from Hoosier Corporation.
November 4	Purchase supplies for $1,100 on account.
November 10	Provide services to customers on account for $7,000.
November 15	Pay creditors on account, $1,200.
November 20	Pay employees $1,000 for the first half of the month.
November 22	Provide services to customers for $9,000 cash.
November 24	Pay $600 on the note from Hoosier Corporation.
November 26	Collect $5,000 on account from customers.
November 28	Pay $1,200 to the local utility company for November gas and electricity.
November 30	Pay $3,000 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.