The following transactions occurred in November 201X for A. Glover’s Placement Agency: Nov. 1 A. Glover...

The following transactions occurred in November 201X for A. Glover’s Placement Agency: Nov. 1 A. Glover invested $6,000 cash in the placement agency. Nov. 1 Bought equipment on account from Cinder Co., $2,100. Nov. 3 Earned placement fees of $2,000, but payment will not be received until December. Nov. 5 A. Glover withdrew $400 for his personal use. Nov. 7 Paid wages expense, $1,400. Nov. 9 Placed a client on a local TV show, receiving $5,000 cash. Nov. 15 Bought supplies on account from Holly Co., $400. Nov. 28 Paid telephone bill for November, $110. Nov. 29 Advertising bill from Shimmer Co. received but not paid, $80 The chart of accounts for A. Glover Placement Agency is as follows: Chart of Accounts Assets Owner’s Equity 111 Cash 311 A. Glover, Capital 112 Accounts Receivable 312 A. Glover, Withdrawals 131 Supplies Revenue 141 Equipment 411 Placement Fees Earned Liabilities Expenses 211 Accounts Payable 511 Wage Expenses 521 Telephone Expense Your tasks are to do the following: a. Set up the ledger based on the chart of accounts. b. Journalize (page 1) and post the November transactions. c. Prepare a trial balance as of November 30, 201X

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