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I need help finding the cash only because my calculations aren't working for cash. Much appreciated for the help Problem 2-8B Complete the steps in
I need help finding the "cash" only because my calculations aren't working for cash. Much appreciated for the help
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 $ 2,100 Accounts Receivable 490 Supplies 599 Equipment 8,300 Accounts Payable $ 1,450 Notes Payable 2,900 Common Stock 5,900 Retained Earnings 1,230 Totals $11,480 $11.480 The following transactions occur in November. November 1 Issue common stock in exchange for $11,900 cash November 2 Purchase equipment with a long-term note for $2,400 from Spartan Corporation. November 4 Purchase supplies for $1,100 on account. November 10 Provide services to customers on account for $7,900. November 15 Pay creditors on account, $1,200. November 20 Pay employees $1,900 for the first half of the month. November 22 Provide services to customers for $9,900 cash. November 24 Pay $960 on the note from Spartan Corporation. November 26 Collect $5,900 on account from customers. 4. Prepare a trial balance as of November 30. BUCKEYE INCORPORATED Trial Balance November 30 Accounts Debit Credit Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Rent Expense Totals $ 0 $Step by Step Solution
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