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Problem 24 Muanim company was organized on October 1, 20xx to provide transportation for office and household furniture. The account titles, numbers and beginning balances on November 1 are as follows $300,000 202 Unearned service revenue 110 Cash 150 Accounts receivable $100,000 300Share capital ordinary $200,000 180 Land 191 Equipment 192 Building 194 Trucks 301 Retained earnings $102,000 S52,000 302 Dividends 400 Moving service revenue 500 Gasoline expense 501 Salaries expense 200 Notes payable 201 Accounts payable $150,000 502 Utilities expenses The transactions for November were as follows: 1 Paid the amount due of $30,000 on the October 20 invoice, from EquipTox Company 3Purchased land for $170,000 and building for $360,000 and signed a note payable for the same to Meanoi Company 5 Pufchased six moving vans from Kotono Company at a total cost of 300,000 A note payable was issued for the purchase price 7 Collected $80,000 of the amounts billed to Miss Susy, a customer on October 29 9 Additional investments were made by the shareholders in exchange for ordinary shares $200,000 11 Moved furniture for various clients for $50,000 and collected the cash in full. 13 Mr. Stup paid $8,000 in advance for services to be provided in December 15 Paid dividends to shareholders $8,000 18 1 7 Paid $300,000 to Kotono Company for the amount due 15T Purchased facsimileequipment onacount$1,900 from So yoCo - 21 Noved furniture for wook AdverAgency from Newyork to LAfor$29,00 oncredit 23 a gasoline bill for the month of November from Red Gas in the amount of $25,000 to be paid by December 10 Paid salaries to employees for services rendered in November $19,00 27 | Accrued utilities expense not for November $6,000 Instructions: a Journalize the transactions with the explanation b. Post to the ledger accounts. c Prepare a trial balance as on November 30, 20Xx. Page 1 Credit GENERAL JOURNAL Account Titles and Explanations Ref Debit Date Nov. 1 7 13 15

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