1 required information Problem 2-8B Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) The following information applies to the questions displayed below) Buckeye Incorporated had the following balances at the beginning of November 13 22:40 BUCKEYE INCORPORATED Trial Balance November 1 Account Debita credite Cash $1,900 Accounts Receivable 470 Supplies Equipment B, 100 Accounts Payable $ 1,350 Notes Payable 2,700 Connon Stock 5,700 Retained earnings 1.290 Totale $11,040 $11,040 570 The following transactions occur in November November 1 Issue common stock in exchange for $11,700 cash. November 2 Purchase equipment with a long-tern note for $2,200 from Spartan Corporation November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,700. November 15 Pay creditors on account, $1,100. November 20 Pay employees $1,700 for the first half of the month. November 22 Provide services to customers for 59,700 cash. November 24 Pay $880 on the note from Spartan Corporation November 26 Collect 55,700 on account from customers. November 21 pay $1,100 to the local utility company for November gas and electricity November 30 Pay 63,700 rent for November Problem 2-8B Part 2 and 3 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) Cash Accounts Receivable Beg Bal hinnmhar Dog Ba Prey CO 4 5 of 5 !!! Next > 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.) -3 Cash Accounts Receivable Beg Bal Bog. Bal November 1 November 22 November 26 3:29 End. Bal End. Bal Supplies Equipment Beg Bal Beg Bal End. Bal End, Bal Accounts Payable Notes Payable Beg Bal Bog. Bal End Bal End. Bal. Common Stock Retained Earnings Bog. Bal Beg Bal End. Bal End Bal Service Revenue Salaries Expense