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Buckeye Incorporated had the following balances at the beginning of November. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $3,200 Accounts Receivable 600
Buckeye Incorporated had the following balances at the beginning of November. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $3,200 Accounts Receivable 600 Supplies 700 Equipment 9,400 Accounts Payable $2,000 Notes Payable 4,000 Common Stock 7,000 Retained Earnings 900 Totals $13,900 $13,900 The following transactions occur in November. November 1 Issue common stock in exchange for $13,000 cash. November 2 Purchase equipment with a long-term note for $3,500 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $9,000. November 15 Pay creditors on account, $1,100. November 20 Pay employees $3,000 for the first half of the month. No
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