You are responsible for recording transactions at Johnson & Johnson Inc. Here are the transactions for November 2024:

• Nov 1: Received $400,000 in cash as payment for consulting services.
• Nov 5: Purchased office supplies worth $20,000 on credit.
• Nov 10: Paid $60,000 in cash for salaries.
• Nov 15: Sold advertising space for $250,000 in cash.
• Nov 20: Paid $40,000 in cash for insurance.
• Nov 25: Received a bill for telephone expenses, $10,000, to be paid next month.
• Nov 30: Collected $200,000 in cash from customers for services provided.

Prepare the general ledger accounts for these transactions.