Required information Problem 2-8B Complete the steps in the measurement of external transactions (LO2-4,2-5, 2-6) [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 Accounts Debits Credits Cash $1,200 Accounts Receivable 400 Supplies 500 Equipment 7.400 Accounts Payable $ 1,000 Notes Payable 2,000 Common Stock 5,000 Retained Earnings 1,500 Totals $9,500 $9,500 The following transactions occur in November November 1 Issue common stock in exchange for $11,000 cash. November 2 Purchase equipment with a long-term note for $1,500 from Spartan Corporation. November 4 Purchase supplies for $1,100 on account. November 10 Provide services to customers on account for $7,000. November 15 Pay creditors on account, $1,200. November 20 Pay employees $1,000 for the first half of the month. November 22 Provide services to customers for $9,000 cash. Journal entry worksheet