Blackhawks Incorporated had the following balances at the beginning of November Credits BLACKHAWKS INCORPORATED Trial Balance November $1$ AccountsDebits Cash $ $3,100$ Accounts Receivable$590$ Supplies$690$ Equipment $300$ Accounts Payable Notes Payable Common Stock Retained Earnings Totals $ $13,680$ $ $1,9503,9006,900930$ $ $13,680$ The following transactions occur in November November $1$ Issue common stock in exchange for $ $12,900$ cash. November $2$ Purchase equipment with a long$-$ term note for $ $3,480$ from Spartan Corporation $.$ November $4$ Purchase supplies for $ $1,200$ on account $.$ November Provide services to customers on account for $ $.$ November $15$ Pay creditors on account $,$ $ $1,000.$ November $20$ Pay employees $$2,900$ for the first half of the month. November $22$ Provide services to customers for $ $10,900$ cash. November $24$ Pay $$1,360$ on the note from Spartan Corporation November $26$ Collect $6,900$ on account from customers $.$ November $28$ Pay $ to the local utility company for November gas and electricity $.$ November $30$ Pay $ $4,900$ 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 $30.($ Be sure to include the balance at the beginning of November in each T$-$ account $.)4.$ Prepare a trial balance as of November $30$

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of November in each $T-$account.$)$

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$3$ of $6$

Blackhawks Incorporated had the following balances at the beginning of November.

The following transactions occur in November.

November $1$ Issue $$common stock in exchange for $$12,900$ cash.

November $2$ Purchase equipment with a long$-$term note for $$3,400$ from Spartan Corporation.

November $4$ Purchase supplies for $$1,200$ on account.

November $10$ Provide services to customers on account for $$8,900.$

November $15$ Pay creditors on account, $$1,000.$

November $20$ Pay employees $$2,900$ for the first half of the month.

November $22$ Provide services to customers for $$10,900$ cash.

November $24$ Pay $$1,360$ on the note from Spartan Corporation.

November $26$ Collect $$6,900$ on account from customers.

November $28$ Pay $$1,000$ to the local utility company for November gas and electricity.

November $30$ Pay $$4,900$ rent for November.

Required:

Record each transaction. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

& $3.$ Post each transaction to the appropriate T$-$accounts and calcula the balance of each account at November $30.($Hint: Be sure to include the balance at the beginning of November in each T$-$account.$)$

Prepare a trial balance as of November $30.$