This is the trial balance of Creative Works Company on October 31, 2020 Creative Works COMPANY Trial Balance November 30, 2020 Debit Credit Cash $ 7,520 Accounts Receivable 3,000 Supplies 3,100 Prepaid Insurance 400 Equipment 8.000 Accumulated Depreciation - Equipment $ 1,200 Accounts Payable 2,600 Notes Payable 3,000 Interest Payable 120 Unearned Service Revenue 1,100 Common Stock 14,000 $22.020 $22.020 The November transactions were as follows. Nov 5 Received $1,000 in cash from customers for accounts receivable due. 10 Billed customers for services performed $4,800. 15 Paid employee salaries $1.200. 17 Performed $600 of services for customers who paid in advance in September. 20 Paid $1,900 to creditors for accounts payable due. 29 Paid a $300 cash dividend. 30 Paid utilities $400. Additional information: 1. Insurance expires at the rate of $200 per month. 2. Supplies on hand total $2,500. 3. Depreciation on the equipment is $200 per month. 4. The note payable is dated September 1. It is a 6-month, 12% note. Required: al Journalize the transactions for the month of November. No narration is required. b/ Prepare the unadjusted Trial Balance as of November 30, 2020. You have to follow the sequence in e/ when preparing the Trial Balance. c/ Based on the additional information given, prepare the adjusted Trial Balance as of November 30, 2020. You have to follow the sequence in el when preparing the Trial Balance. d In no more than 180 words explain the significance of a Trial Balance and outline the key accounting procedure(s) to be performed before financial statements are prepared for external use? el Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Accounts Payable Notes Payable Interest Payable Unearned Service Revenue Common Stock Dividends Service Revenue Salaries and Wages Expense Utilities Expenses Insurance Expenses Supplies Expense Depreciation Expense Interest Expense