Business, 02.09.2021 17:50 zackarygonzalez1028

Nov. 1: Luis Ruiz invests $20,000 to start his own consulting agency. Nov. 1: Purchased a one-year fire insurance policy, $960.
Nov. 5: Acquired a computer for $10,000, paying $3,500 down with balance due in 60 days.
Nov. 6: Purchased office supplies on account from Taylor Supply, $1,500.
Nov. 9: Paid Taylor Supply $400 on account.
Nov. 10: Billed Barkley Insurance for consulting services performed, $6,000.
Nov. 12: Collected $1,500 from Barkley Insurance.
Nov. 12: Hired secretary, $600 per week.
Nov. 15: Collected $1,000 from Bryant Realty for consulting services to be performed.
Nov. 29: Received and paid the November utility bill, $700.
Nov. 30: Received (but did not pay) the November telephone bill, $100.
Nov. 30: Performed consulting services for Bing Enterprises, $4,800, to be collected in December.
Nov. 30: Ruiz withdrew $1,400 from the business for personal living expenses.

Required:
a. Journalize and post the November transactions for Ruiz Consulting.
b. Prepare a Trial Balance as of November 30 Prepare and post adjusting entries for the month ended November 30.

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Nov. 1: Luis Ruiz invests $20,000 to start his own consulting agency. Nov. 1: Purchased a one-year...

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