Cash Accounts Receivable Beg. Bal. Beg. Bal. November 1 November 1 November 22 November 26 | End. Bal. End. Bal. Supplies Equipment Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal. | Beg. Bal. End. Bal. End. Bal. Service Revenue Salaries Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Utilities Expense Rent Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. 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. BUCKEYE INCORPORATED Trial Balance November 1 Accounts Debits Credits Cash $ 2,300 Accounts Receivable 510 Supplies 610 Equipment 8,500 Accounts Payable $ 1,550 Notes Payable 3,100 Common Stock 6,100 Retained Earnings 1,170 Totals $11,920 $11,920 The following transactions occur in November. November 1 Issue common stock in exchange for $12,100 cash. November 2 Purchase equipment with a long-term note for $2,600 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $8,100. November 15 Pay creditors on account, $1,100. November 20 Pay employees $2,100 for the first half of the month. November 22 Provide services to customers for $10,100 cash. November 24 Pay $1,040 on the note from Spartan Corporation. November 26 Collect $6,100 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $4,100 rent for November