[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 $ 2,680 Accounts Receivable 540 Supplies 640 Equipment 8,800 Accounts Payable $1,700 Notes Payable 3,400 Common Stock 6,400 Retained Earnings 1,080 Totals $12,580 $12,580 The following transactions occur in November November 1 Issue common stock in exchange for $12,460 cash. November 2 Purchase equipment with a long-tern note for $2,988 from Spartan Corporation November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $8,400. November 15 Pay creditors on account, $1,100. November 20 Pay employees $2,400 for the first half of the month November 22 Provide services to customers for $10,400 cash. November 24 Pay $1,160 on the note from Spartan Corporation November 26 Collect $6,480 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $4,400 rent for November. Problem 2-8B Part 2 and 3 Problem 2-8B Part 2 and 3 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 Bog. Bal Beg Bal - End. Bal End. Bal. Utilities Expense Rent Expense Beg Bal Beg Bal End. Bol End, Bal