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Ravens Incorporated had the following balances at the beginning of November.

RAVENS INCORPORATED
Trial Balance
November 1
Accounts	Debits	Credits
Cash	$2,300
Accounts Receivable	510
Supplies	610
Equipment	8,500
Accounts Payable		$1,550
Notes Payable		3,100
Common Stock		6,100
Retained Earnings		1,170
Totals	$11,920	$11,920

The following transactions occur in November.

November 1	Issue common stock in exchange for $12,100 cash.
November 2	Purchase equipment with a long-term note for $2,600 from Spartan Corporation.
November 4	Purchase supplies for $1,000 on account.
November 10	Provide services to customers on account for $8,100.
November 15	Pay creditors on account, $1,100.
November 20	Pay employees $2,100 for the first half of the month.
November 22	Provide services to customers for $10,100 cash.
November 24	Pay $1,040 on the note from Spartan Corporation.
November 26	Collect $6,100 on account from customers.
November 28	Pay $1,100 to the local utility company for November gas and electricity.
November 30	Pay $4,100 rent for November.

Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at November 30. (Hint: Be sure to include the balance at the beginning of November in each T-account.) 4. Prepare a trial balance as of November 30.

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