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. Accounts Payable Cash Cleaning Expense Common Stock $870 2,900 2,610 8,700 Equipment Repairs Expense Service Revenue Wages Expense $ 6,960 580 5,800 2,320 4. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from your answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. Debit Cash Credit Accounts Payable Debit Credit Beginning Balance 2,900 Beginning Balance 870 (a) 870 (d) 290 116(e) 203 (b) 174 (c) 290 (d) Ending Balance 3,103 Ending Balance 696 Beginning Balance Ending Balance Equipment Credit Service Revenue Debit Credit Debit 5,800 Beginning Balance 6,960 870 (a) 6,670 Ending Balance 6,960 Common Stock Debit Beginning Balance Ending Balance Credit 8,700 8,700 Cleaning Expense Debit Credit Beginning Balance (b) 2,610 203 Ending Balance 2,813 Repairs Expense Retained Earnings Debit Credit Debit 580 116 Beginning Balance Beginning Balance (e) Ending Balance 696 Wages Expense Debit Credit 2,320 174 Beginning Balance (c) Ending Balance 2,494 Credit 0 1,334 Ending Balance 1,334