Required informa 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 Cash. Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Totals Debits Credits $ 3,200 600 700 9,400 $ 2,000 4,000 7,000 900 $13,900 $13,900 The following transactions occur in November. November 1 Issue common stock in exchange for $13,000 cash. November 2 Purchase equipment with a long-term note for $3,500 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $9,000. November 15 Pay creditors on account, $1,100. November 20 Pay employees $3,000 for the first half of the month. November 22 Provide services to customers for $11,000 cash. November 24 Pay $1,400 on the note from Spartan Corporation. November 26 Collect $7,000 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $5,000 rent for November.