MyBnB started a home rental company on January 1 . As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 320 (Algo) Part 4 Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from our answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. \begin{tabular}{|l|l|l|l||} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline \multicolumn{1}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline \hline & & & \\ \hline Ending Balance & & \multicolumn{1}{|c|}{0} \\ \hline \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Wages Expense } \\ \hline \multicolumn{1}{|c|}{ Debit } & & \multicolumn{1}{c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & 0 \\ \hline \end{tabular} MyBnB started a home rental company on January 1 . As of November 30,MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 320 (Algo) Part 4 Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from our answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. \begin{tabular}{|l|l|l|l||} \hline \multicolumn{3}{|c|}{ Common Stock } \\ \hline \multicolumn{1}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline \hline & & & \\ \hline Ending Balance & & \multicolumn{1}{|c|}{0} \\ \hline \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Wages Expense } \\ \hline \multicolumn{1}{|c|}{ Debit } & & \multicolumn{1}{c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & 0 \\ \hline \end{tabular}