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The following information applies to the questions displayed belowj Buckeye Incorporated had the following trial balance at the beginning of November. BUCKEYE INCORPORATED Trial Balance

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The following information applies to the questions displayed belowj Buckeye Incorporated had the following trial balance at the beginning of November. BUCKEYE INCORPORATED Trial Balance Debits Credits Accounts $1,600 Cash Accounts Receivable 440 Supplies 540 7800 Equipment 1,200 Accounts Payable Notes Payable 2,400 Common Stock 5,400 1,380 Retained Earnings The following transactions occur in November: November 1 Issue common stock in exchange for $11,400 cash November 2 Purchase equipment with a long-term note for $1,900 from Spartan Corporation November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,400. November 15 Pay creditors on account, $1100. November 20 Pay employees $1,400 for the first half of the month November 22 Provide services to customers for $9400 cash. November 24 Pay $760 on the note from Spartan Corporation November 26 Collect $5.400 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity 30 Pay $3,400 rent for November

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