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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 $ 2,700 Accounts Receivable

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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 $ 2,700 Accounts Receivable 550 Supplies 650 Equipment 8,900 Accounts Payable $ 1,750 Notes Payable 3,500 Common Stock 6,500 Retained Earnings 1,050 Totals $12,800 $12,800 The following transactions occur in November November 1 Issue common stock in exchange for $12,500 cash. November 2 Purchase equipment with a long-term note for $3,000 from Spartan Corporation. November 4 Purchase supplies for $1,100 on account. November 10 Provide services to customers on account for $8,500. November 15 Pay creditors on account, $1,200. November 20 Pay employees $2,500 for the first half of the month. November 22 Provide services to customers for $10.500 cash. November 24 ray $1,200 on the note from Spartan Corporation. November 26 Collect $6,500 on account from customers. November 28 Pay $1,200 to the local utility company for November gas and electricity. November 30 Pay 54,500 rent for November. therewith are punishable by fine and/or imprisonment under U.S. law, including the provisions of 18 U.S.C 3 : sty E 1 4 MacBook Pro c G Search or type URL 3 4 % 5 6 & 7 8 9 w E R T Required information 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.) View transaction list Journal entry worksheet Issue common stock in exchange for $12.500 cash Not: Enter debits before credits General Journal Debit Date November 01 Credit ther with are punishable by fine andior imprisonment under US law, including the provisions of 18 U.S.C 1001 andior 18 U.S.C 10 ctv Aa MacBook Pro Search or type URL 2 3 4 5 G 7 8 9 w E R T Y C C e P D TI G H J a Us c) VB N M . H command MOSISO Command

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