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...

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 Debits Credits $ 2,700 Accounts Cash Accounts 550 Receivable Supplies Equipment 650 8,900 Accounts $ 1,750 Payable Notes Payable Common Stock Retained 3,500 6,500 1,050 Earnings $12,800 $12,800 Totals The following transactions occur in November 1 Issue common stock in exchange for $12,500 cash 2 Purchase equipment with a 1ong-term note for $3,000 from Spartan Corporation 4 Purchase supplies for $1,100 on account. November November November November 10 Provide services to customers on account for $8,500. November 15 Pay creditors on account, $1,200. November 20 Pay employees $2,500 for the first half of the month. November 22 Provide services to customers for $10,500 cash November 24 Pay $1,200 on the note from Spartan Corporation November 26 Collect $6,500 on account from customers. November 28 Pay $1,200 the local utility November and to company for gas electricity. November 30 Pay $4,500 rent for November. 4. Prepare a trial balance as of November 30, BUCKEYE INCORPORATED Trial Balance November 30 Accounts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earings Service Revenue Salaries Expense Utilities Expense Rent Expense Totals Debit Credit