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The following transactions occurred in November 201X for A. Glover's Placement Agency: A. Glover invited 15,000 cash;n the placement agency. Bought equipment on accountfromTinker Co.,$1,
The following transactions occurred in November 201X for A. Glover's Placement Agency: A. Glover invited 15,000 cash;n the placement agency. Bought equipment on accountfromTinker Co.,$1, 200. Earned placement fees of $2,500, but payment from Avon co. will not be received until July. A. Glover withdrew $1,000forhis personal use. Paid wages expense. $1,300. Placed a client on a local TV show, receiving $900 cash. Bought supplies on account from Reindeer Co., $300. Paid telephone bill for November, $190. Advertising bill from Shimmer Co. received but not paid, $400. The chart of accounts includes Cash, 111; Accounts Receivable, 112; Supplies, 131; Equipment, 141; Accounts Payable, 211; A Glover, Capital,311; A. Glover, Withdrawals, 312; Placement Fees Earned, 411; Wage Expense, 511; Telephone Expense, 521; and Advertising Expense, 531. Your task is to do the following: Set up a ledger based on the chart of accounts. Journalize(all page 1) and post the November transactions. Prepare a trial balance at November 30,201X
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