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MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years.

Accounts Payable	$ 450	Equipment	$ 3,600
Cash	1,500	Repairs Expense	300
Cleaning Expense	1,350	Service Revenue	3,000
Common Stock	4,500	Wages Expense	1,200

4. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from your answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0.

Required information [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Prepare T-accounts that show the November 30 balances as December 1 beginning balances and then post the journal entries from ur answer to requirement 3 to calculate updated December 31 balances. Retained Earnings has a beginning balance of $0. pramsen a classified balance sheet as of November 30

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