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 Totala $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 $9,500. 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 pay $1,200 on the note from Spartan Corporation. November 26 Collect $6.500 on account from customers. November 26 Pay 51,200 to the local utility company for November gas and electricity. November 30 pay $4.500 rent for November therewith are punishable by fine and/or imprisonment under US law, including the provisions of 18 USC 1001 dtv A G *** 7 MacBook Pro c G Search or type URL ve 2 3 $ 4 78 5 6 & 7 8 9 W E R T Y u U S D F G . J K Check my work Required information 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 Bail Beg B End Bal End. Supplies Beg B Equipment Beg Endal End G therewith we punishable by fine andorransonment under U.Swindluding the provisions of 18 USC 1001 andor 18 USC 1542. Alle arv 0 SU Aa . MacBook Pro G Search or type URL 2 3 4 5 6 & 7 8 9 0 w m R T Y U 1 O P s D F G H J K " Z N X X V B N M CE 23 command MOSISO Command opt Homework Sived Help Save & Exit Submit Check my work Required information Accounts Payable Notes Payable Bog. Bal Beg Bal End. Bal End B Common Stock Beg Bal Retained Earning Beg Bad End. End Dal Service Revenue Salaries Expense Beg Bal Beg Dat there are punishable by fire and or imprisonment under US, w noluding the provisions of 18 USG 1001 ander 15 U.S.C 1542. Alle tv S2 Aa MacBook Pro Search or type URL 5 2 3 5 6 7 8 9 Q W E R T 1 O P A S D F G H J K Z v B N M 2 command MOSISO Command Utilities Expense Beg. Bal Rent Expense Beg Bal End, Bal End. Bal therewith are punishable by line and/or imprisonment under US law, including the provisions of 18 USC 1001 andor 18 U Stv 4 Aa MacBook Pro G Search or type URL 2 3 $ 4 5 6 & 7 B 9 0 W E R T Y U 1 TL . S F G H J K N V B N M command MOSISO Command
