Blackhawks Incorporated had the following balances at the beginning of November. BLACKHAWKS INCORPORATED Trial Balance Accounts...

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Blackhawks Incorporated had the following balances at the beginning of November. BLACKHAWKS INCORPORATED Trial Balance Accounts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Totals November 1 Debits Credits $1,900 470 570 8,100 $1,350 2,700 5,700 1,290 $11,040 $11,040 The following transactions occur in November. November 1 Issue common stock in exchange for $11,700 cash. November 2 Purchase equipment with a long-term note for $2,200 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,700. November 15 Pay creditors on account, $1,100. November 20 Pay employees $1,700 for the first half of the month. November 22 Provide services to customers for $9,700 cash. November 24 Pay $880 on the note from Spartan Corporation. November 26 Collect $5,700 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $3,700 rent for November. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 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.) 4. Prepare a trial balance as of November 30. Debit Beginning Balance Ending Balance Cash Accounts Receivable Credit Debit Credit Beginning Balance Ending Balance Supplies Equipment Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Payable Notes Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Common Stock Retained Earnings Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Service Revenue Salaries Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Utilities Expense Rent Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Cash BLACKHAWKS INCORPORATED Trial Balance Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Rent Expense Totals November 30 Debit Credit Blackhawks Incorporated had the following balances at the beginning of November. BLACKHAWKS INCORPORATED Trial Balance Accounts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Totals November 1 Debits Credits $1,900 470 570 8,100 $1,350 2,700 5,700 1,290 $11,040 $11,040 The following transactions occur in November. November 1 Issue common stock in exchange for $11,700 cash. November 2 Purchase equipment with a long-term note for $2,200 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $7,700. November 15 Pay creditors on account, $1,100. November 20 Pay employees $1,700 for the first half of the month. November 22 Provide services to customers for $9,700 cash. November 24 Pay $880 on the note from Spartan Corporation. November 26 Collect $5,700 on account from customers. November 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $3,700 rent for November. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 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.) 4. Prepare a trial balance as of November 30. Debit Beginning Balance Ending Balance Cash Accounts Receivable Credit Debit Credit Beginning Balance Ending Balance Supplies Equipment Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Payable Notes Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Common Stock Retained Earnings Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Service Revenue Salaries Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Utilities Expense Rent Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Accounts Cash BLACKHAWKS INCORPORATED Trial Balance Accounts Receivable Supplies Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Rent Expense Totals November 30 Debit Credit