King Communications has been providing cellular phone service for several years. During November and December 2022, the following transactions occurred: Nov. 2 King received $2,400 for November phone service from Hanaman Company. 6 King purchased $4,750 of supplies from Technology Associates on account. 10 King paid $5,250 to its hourly employees for their weekly wages. 15 King paid $4,750 to Technology Associates in full settlement of the account payable. 28 King paid $2,150 for utilities used during November. 30 King received a bill from Stormont Construction for $1,230 for repairs made to King's loading dock on November 15. King plans to pay the bill in early December. Dec. 10 King paid $1,230 to Stormont Construction to settle the repair bill received on November 30. Required: 1. Prepare a journal entry for each of the above transactions. Nov. 2 (Record revenue earned) Nov. 6 (Record purchase of supplies on account) Nov. 10 (Record payment of wages) Nov. 15 (Record payment on account) Nov. 28 (Record payment for utilities) Nov. 30 (Record repairs performed on account) Dec. 10 (To record payment of account) 2. CONCEPTUAL CONNECTION: What accounting principle did you apply in recording the November 10 transaction