Required information [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 Debits Credits Cash $ 2,1ee Accounts Receivable 49e Supplies Equipment 8,3ee Accounts Payable $ 1,450 Notes Payable 2,900 Common Stock 5,900 Retained Earnings 1,230 Totals $11,480 $11,480 59e The following transactions occur in November. November 1 Issue common stock in exchange for $11,980 cash. November 2 Purchase equipment with a long-term note for $2,400 from Spartan Corporation. November 4 Purchase supplies for $1,100 on account. November 10 Provide services to customers on account for $7,980. November 15 Pay creditors on account, $1,200. November 20 Pay employees $1,900 for the first half of the month. November 22 Provide services to customers for $9,900 cash. November 24 Pay $960 on the note from Spartan Corporation. November 26 Collect $5,908 on account from customers. November 28 Pay $1,200 to the local utility company for November gas and electricity. November 30 Pay $3,980 rent for November. 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at November 30. (Hint: Be sure to include the balance at the beginning of November in each T-account.) 2. & 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at November 30. (Hint: Be sure to Include the balance at the beginning of November in each T-account.) Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Equipment Beg. Bal Beg. Bal. End. Bal. End. Bal. Accounts Payable Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal Beg Bal. End. Bal End. Bal. Service Revenue Salaries Expense Beg. Bal Beg Bal. End. Bal. End. Bal. Utilities Expense Rent Expense Beg. Bal Beg. Bal. End. Bal. End. Bal. 4. Prepare a trial balance as of November 30. BUCKEYE INCORPORATED Trial Balance November 30 Accounts Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Rent Expense Totals 0 $ TINO 69 0