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Required information Problem 2-8B Complete the steps in the measurement of external transactions (LO24,25,26) [The following information applies to the questions displayed below.] Buckeye Incorporated had the following balances at the beginning of November. The following transactions occur in November. November 1 Issue common stock in exchange for $12,100 cash. November 2 Purchase equipment with a long-term note for $2,600 from Spartan Corporation. November 4 Purchase supplies for $1,000 on account. November 10 Provide services to customers on account for $8,100. November 15 Pay creditors on account, $1,100. November 20 Pay employees $2,100 for the first half of the month. November 22 Provide services to customers for $10,100 cash. November 24 Pay $1,048 on the note from Spartan corporation. November 26 collect 56,100 on account from customers. Novenber 28 Pay $1,100 to the local utility company for November gas and electricity. November 30 Pay $4,100 rent for November. 2. \& 3. Post each transaction to the appropriate T-accounts and calculate the balance of each account at November 30 , (Hint: Be sul to include the balance at the beginning of November in each T-account.)