Problem 2-8B (Algo) Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) Blackhawks Incorporated had the following balances at the beginning of November. The following transactions occur in November. November 1 Issue common stock in exchange for $11,700 cash. November 2 Purchase equipment with a long-term note for $2,200 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,700. November 15 Pay creditors on account, $1,100. November 20 Pay employees $1,700 for the first half of the month. November 22 Provide services to customers for $9,700cash. November 24 Pay $880 on the note from Spartan Corporation. November 26 Collect $5,700 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $3,700 rent for November. Problem 2-8B (Algo) Complete the steps in the measurement of external transactions (LO2-4, 2-5, 2-6) Blackhawks Incorporated had the following balances at the beginning of November. The following transactions occur in November. November 1 Issue common stock in exchange for $11,700 cash. November 2 Purchase equipment with a long-term note for $2,200 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,700. November 15 Pay creditors on account, $1,100. November 20 Pay employees $1,700 for the first half of the month. November 22 Provide services to customers for $9,700cash. November 24 Pay $880 on the note from Spartan Corporation. November 26 Collect $5,700 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $3,700 rent for November